Black Monday

[bull....]

Will reallocate spending though as savers (tend to be older and so spend less on certain services & products) will get less interest income while borrowers (tend to be younger & more inclined to spend) will get more income.

yes but as the economy goes down the toilet this year mostly younger people will lose there jobs , so rate cut wont help them

[Balance]

yes but as the economy goes down the toilet this year mostly younger people will lose there jobs , so rate cut wont help them

Let’s see what is in the stimulus package tomorrow first, ok?

Not ready to throw in the towel on NZ yet despite the best efforts of the Jacinda government to sink us.

[bull....]

RBNZ in full panic mode

Reserve Bank cuts official cash rate to 0.25 per cent for 12 months

[winner69]

RBNZ in full panic mode

Reserve Bank cuts official cash rate to 0.25 per cent for 12 months

Was Adrian still in his pjs when making that announcement.

[bull....]

Was Adrian still in his pjs when making that announcement.

he might climb back under the covers now and hope it all goes away. no ammo left now 75 bp cut they really must think things are bad

[Oberon]

he might climb back under the covers now and hope it all goes away. no ammo left now 75 bp cut they really must think things are bad

I'd be happy to go back to bed and wake up next year at this rate...

[Balance]

https://www.stuff.co.nz/national/hea...cial-cash-rate

Right move by RBNZ.

Will provide relief to indebted companies and householders when they most need it, and

Lower NZ$ will aid our export sector to cushion the downturn.

Well done, Adrian Orr!

[King1212]

Will we see our mortgage interest down?

[bull....]

https://www.stuff.co.nz/national/hea...cial-cash-rate

Right move by RBNZ.

Will provide relief to indebted companies and householders when they most need it, and

Lower NZ$ will aid our export sector to cushion the downturn.

Well done, Adrian Orr!

well only if the banks pass on the cuts to householders. then term deposits will drop if they do

[Raz]

RBNZ in full panic mode

Reserve Bank cuts official cash rate to 0.25 per cent for 12 months

Not impressed, nothing on deposit insurance or OBR...go hard go early...with a dose of stupid seems the approach. This will not passed on to to small businesses who will be assessed as more risky...pathetic. Given fixed rate lock up...delayed impact...for now a bank benefit package!