Black Monday

[iceman]

Wouldn't let me edit the above post to add this link so sorry for it being in a separate post. But it gives more context to it
https://icelandmonitor.mbl.is/news/p...econd_highest/

[Muse]

REINZ house price index out this morning. House prices down 2.1% month on month. Wellington took the biggest hit. Page 6 has the summary table.

https://www.reinz.co.nz/Media/Defaul...rch%202022.pdf

[bull....]

BNZ, ANZ, ASB move to raise interest rates after official cash rate hike

https://www.stuff.co.nz/business/mon...cash-rate-hike

when those 1 yr fixed start rolling off that were fixed in the low 2s thats going to put a big brake on the economy if mtges keep on going up as the banks suggest they will

[stoploss]

BNZ, ANZ, ASB move to raise interest rates after official cash rate hike

https://www.stuff.co.nz/business/mon...cash-rate-hike

when those 1 yr fixed start rolling off that were fixed in the low 2s thats going to put a big brake on the economy if mtges keep on going up as the banks suggest they will

ANZ Put their rates up 35/40 points yesterday . ASB & Westpac have left them today and only put up the floating rates .
Not a good look for ANZ , 2 year swap rate went 15 points lower after the OCR hike ......

[winner69]

BNZ, ANZ, ASB move to raise interest rates after official cash rate hike

https://www.stuff.co.nz/business/mon...cash-rate-hike

when those 1 yr fixed start rolling off that were fixed in the low 2s thats going to put a big brake on the economy if mtges keep on going up as the banks suggest they will

Jeez bull. ….that means those on the low 2’s now when rolled over above 5% could be facing interest payments doubling ….ouch

[winner69]

Jenny Ruth always a good read

She flabbergasted Orr didn’t mention China in his OCR update

Seems NZ economy heading to really bad times

https://businessdesk.co.nz/article/o...banks-decision

Probably paywalled but you clever goes possibly know a way around that

[Muse]

Jenny Ruth always a good read

She flabbergasted Orr didn’t mention China in his OCR update

Seems NZ economy heading to really bad times

https://businessdesk.co.nz/article/o...banks-decision

Probably paywalled but you clever goes possibly know a way around that

Lol sadly that one is rock solid. As with the herald and nbr. Actually there used to be a way you could inspect and view the source of the herald, deleting out unsubscribed and typing in subscribed and reloading but they fixed that years ago. Who has time for that anyway

[winner69]

Phew, the relief .."CPI didn’t reach 7%

[Muse]

Jeesh inflation is really out of hand

But thats just my 3.5 cents

[winner69]

For those who've read in the media inflation is all imported and nothing to do with domestic stuff -- Hairdressing (essentially non-tradable and not imported) shows a 5.6% annual increase .....many more examples like that