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  1. #141
    Legend peat's Avatar
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    Quote Originally Posted by JBmurc View Post
    Will NZ banks pass on all the rate cuts ??
    Seemingly they will given what the banks are saying!
    For clarity, nothing I say is advice....

  2. #142
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    Quote Originally Posted by winner69 View Post
    I haven't red that one but have been reading a lot of them recently.
    I'm actually quite impressed by what Orr is saying today, and I comment that I am increasingly unimpressed with how niggardly Reddell is in his criticisms. A real croaker as he calls himself. I think he must have a bee in his bonnet about something..... Very knowledgeable and thorough though.
    For clarity, nothing I say is advice....

  3. #143
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    One of the most influential / powerful people in the country and we can’t even vote him out.

  4. #144
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    Quote Originally Posted by JBmurc View Post
    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)
    I expect that they will with regard to overdrafts and floating rate loans. Fixed rate loans are another matter though, being financed by fixed rate funding. We'll see.

  5. #145
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    Quote Originally Posted by Mr Slothbear View Post
    One of the most influential / powerful people in the country and we can’t even vote him out.

    I red (from BusinessDesk) that he got all testy with the journalists when they kept pressing for his view on whether there would be a recession - and then eventually conceded it was likely.
    For clarity, nothing I say is advice....

  6. #146
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by macduffy View Post
    I expect that they will with regard to overdrafts and floating rate loans. Fixed rate loans are another matter though, being financed by fixed rate funding. We'll see.
    Yes I see floating down at 4.4% currently but of course fixed rates haven't changed 1yr out etc ?
    "Don't believe a f'ing thing your government tells you."George Carlin
    “The further a society drifts from the truth, the more it will hate those that speak it.”George Orwell

  7. #147
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    Quote Originally Posted by JBmurc View Post
    Yes I see floating down at 4.4% currently but of course fixed rates haven't changed 1yr out etc ?
    Nobody has blinked yet , it usually takes a day or 2 . It would probably be prudent to wait until they see what the Govt is rolling out .
    Obviously if RBNZ start purchasing bonds that would lead to some decent drops in the fixed rates .

  8. #148
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    Quote Originally Posted by peat View Post
    I red (from BusinessDesk) that he got all testy with the journalists when they kept pressing for his view on whether there would be a recession - and then eventually conceded it was likely.
    Of course there will be a recession, and of course Orr has to try not to predict it. Any financial journalist will know that, and if they need Orr to confirm what they know, they should switch to writing the gardening column. The big question is will it be worse than a recession?

  9. #149
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    Quote Originally Posted by JBmurc View Post
    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)
    ANZ the first major bank to blink, 1 year down to 3.05 % , 2 year 3.35 %

  10. #150
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