NZSX50 - Good News!

[bull....]

Dominic from Westpac on the radio this morning says GDP heading back to 3% later this year

If you like buzzwords a must listen
https://www.rnz.co.nz/audio/player?audio_id=2018696125

Government to give itself more wiggle room to spend, as Finance Minister announces 20% debt/GDP target will be replaced by a broader target of 15%-25% from 2021

https://www.interest.co.nz/news/9982...ces-20-debtgdp

must be finally recognising the slowdown , hope they spend the borrowed money on worth while stuff

[bull....]

The global bond rally gathered pace, with yields in Australia and New Zealand dropping to record lows

https://www.bloomberg.com/news/artic...d=premium-asia

get your income why you can

[bull....]

BNZ economists see the likelihood of another interest rate cut increased by the results of the latest ANZ Business Outlook Survey

https://www.interest.co.nz/business/...lts-latest-anz

odds probably increased even more now since the RBA hintng rates will drop and the market saying could reduce there rates 2 - 3 times and are even discussing helicopter money

[winner69]

BNZ economists see the likelihood of another interest rate cut increased by the results of the latest ANZ Business Outlook Survey

[URL]https://www.interest.co.nz/business/99928/bnz-economists-see-likelihood-another-interest-rate-cut-increased-results-latest-anz

odds probably increased even more now since the RBA hintng rates will drop and the market saying could reduce there rates 2 - 3 times and are even discussing helicopter money

That man Orr out of his depth

[bull....]

the well being budget is out and the markets have voted .... yawn

[BlackPeter]

the well being budget is out and the markets have voted .... yawn

I feel some unwellness coming on ;

[bull....]

After keeping rates on hold for nearly three years, on Tuesday the Reserve Bank will almost certainly cut the official cash rate to a record low of 1.25 per cent.

https://www.abc.net.au/news/2019-05-...ction=business

markets pricing in 2-3 cuts now , will find out tomorrow. Could propel our dollar higher

[sb9]

After keeping rates on hold for nearly three years, on Tuesday the Reserve Bank will almost certainly cut the official cash rate to a record low of 1.25 per cent.

https://www.abc.net.au/news/2019-05-...ction=business

markets pricing in 2-3 cuts now , will find out tomorrow. Could propel our dollar higher

As expected RBA cut rates to 1.25% matching RBNZ's rate from last month. Question will RBNZ cut again when they meet next time?

[winner69]

As expected RBA cut rates to 1.25% matching RBNZ's rate from last month. Question will RBNZ cut again when they meet next time?

Off course Orr will cut again and probably next meeting

Foolish move but can't keep that Orr man out of the limelight

Australia and NZ economies must be really stuffed - don't central banks only cut to stimulate the economy?

[bull....]

Stats NZ cuts surveys and relies on insurance payments to bolster its budget

https://www.stuff.co.nz/business/113...z-cost-cutting

this after the axing of immigration data as well , the govt must be wanting to keep us all in the dark about whats happening in the economy