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  1. #131
    Speedy Az winner69's Avatar
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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.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #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%.

  3. #133
    Legend peat's Avatar
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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....

  4. #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.

  5. #135
    Legend peat's Avatar
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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....

  6. #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!


  7. #137
    Legend peat's Avatar
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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....

  8. #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

  9. #139
    FEAR n GREED JBmurc's Avatar
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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)
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  10. #140
    Speedy Az winner69's Avatar
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    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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