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  1. #121
    One Fearsome Feline winner69's Avatar
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    Reads like a company’s growth strategy

    Whoever gets the job will need to be careful what they’re eating at a BBQ ...answering what’s your job “Assistant Governor/General Manager, Transformation and People” is quite a mouthful


    https://www.rbnz.govt.nz/news/2019/1...ership-changes
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  2. #122
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    Quote Originally Posted by winner69 View Post
    Reads like a company’s growth strategy

    Whoever gets the job will need to be careful what they’re eating at a BBQ ...answering what’s your job “Assistant Governor/General Manager, Transformation and People” is quite a mouthful


    https://www.rbnz.govt.nz/news/2019/1...ership-changes
    kicking out one of the two woman currently in senior management to do so.
    increasing stakeholder relations seems like a big deal, so that's the government huh , being 100% owner of the RBNZ
    For clarity, nothing I say is advice....

  3. #123
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    So the RBNZ has an Auckland office? The one I knew was closed when the NZD was floated and Exchange Controls were abolished. But I guess it makes a bit of sense with all the major banks headquartered in the Big Smoke these days.

    Last edited by macduffy; 14-11-2019 at 04:53 PM.

  4. #124
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    Quote Originally Posted by macduffy View Post
    So the RBNZ has an Auckland office? The one I knew was closed when the NZD was floated and Exchange Controls were abolished. But I guess it makes a bit of sense with all the major banks headquartered in the Big Smoke these days.

    They definitely had an office early 90's ( Bond tenders were delivered by hand. ) think it continued as they run regular days out of there for disaster management ....
    They are headquartered in a shaky place .

  5. #125
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    They are headquartered in a shaky place
    .

    Not really. It's several centuries since the Auckland volcanoes erupted!


  6. #126
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    Quote Originally Posted by macduffy View Post
    .

    Not really. It's several centuries since the Auckland volcanoes erupted!

    Which makes it that much closer to the next one.

  7. #127
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    Default Bank Capital RBNZ

    Croaking Cassandra louder than ever today!

    "At midday the Governor of the Reserve Bank will descend from the mountain-top,having communed with himself for some months, and tell us how much more capitallocally-incorporated banks will have to hold"
    For clarity, nothing I say is advice....

  8. #128
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    and it is 18% as expected (I think)
    16% for smaller banks


    the kiwi is bouncing around about a 1/3rd of a cent up

    and the RBNZ website is crumbling under the strain.
    Last edited by peat; 05-12-2019 at 12:03 PM.
    For clarity, nothing I say is advice....

  9. #129
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    “Just consider that maybe the probability of you being wrong is higher than you think.”

  10. #130
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    Finally getting with the program .
    8 AM ANNOUNCEMENT today .
    Would have been a lot easier if he just followed Aussie and let the hand brake off gently ......

  11. #131
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    Quote Originally Posted by stoploss View Post
    Finally getting with the program .
    8 AM ANNOUNCEMENT today .
    Would have been a lot easier if he just followed Aussie and let the hand brake off gently ......
    So Adrian rides into town and makes himself a hero and cuts OCR to 0.25%.

    Impact and timing to make me look good ...jeez I’m cynical.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  12. #132
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    Quote Originally Posted by winner69 View Post
    So Adrian rides into town and makes himself a hero and cuts OCR to 0.25%.

    Impact and timing to make me look good ...jeez I’m cynical.
    What will cutting the OCR to 0.25% actually do if anything? If business is not going to lend at 1% they are not going to lend at 0.25%.

  13. #133
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    QE NZ

    should further stimulus be required, a Large Scale Asset Purchase programme of New Zealand government bonds would be preferable to further OCR reductions.
    For clarity, nothing I say is advice....

  14. #134
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    Quote Originally Posted by peat View Post
    QE NZ

    should further stimulus be required, a Large Scale Asset Purchase programme of New Zealand government bonds would be preferable to further OCR reductions.
    Which is precisely what Orr said he would do.

  15. #135
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    I hadnt clicked - its a 0.75% CUT. massive. even massiver than his earlier go.

    Orr shoots all his load in two single goes.
    For clarity, nothing I say is advice....

  16. #136
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    So, the RB talks about all the "other" weapons they have to combat the current crisis but the first reaction is to use the same old move - cut the cash rate!


  17. #137
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    it feels very ironic to me that the RBNZ hasnt even had time to implement its strategy to combat a 'one in 200 year' event before that very event happens , and even worse they decide to delay implementation of that strategy.

    statistics are so useless huh. Fat tails rule the day.
    For clarity, nothing I say is advice....

  18. #138
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    Adrian been outgunned today by Jerome...The FED cut rates 1% to Zero use what the FED calls crisis policy...and the Futures have been closed...Hmmm kinda doesn't sound good in the world atm..eh

  19. #139
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    Will NZ banks pass on all the rate cuts ?? and will kiwis get over the FEAR of CORVID19 and continue to buy and build new properties (really the heart of NZ growth over the last many years =Consumer spending)
    People don't have ideas, ideas have people

  20. #140
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    “Just consider that maybe the probability of you being wrong is higher than you think.”

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