Quote Originally Posted by Aaron View Post
I didn't think I was voting my way to wealth. I thought I was arguing for a fair shake for the next generation. As a successful property investor you might appreciate 30 years of lower interest rates may have helped your capital grow by pushing up house prices at twice the rate of wage growth.

I probably don't understand FOREX but the RBNZ dropping interest rates and pumping money into housing appears not to have been necessary as far as house prices go but I thought these actions would weaken the NZ dollar and make our exchange rate more like a developing nation. I am pretty sure it wasn't intended to strengthen the $NZ.
Every Central Bank around the world cut there interest rates,if we didn't we would have had a strong NZD and nothing to buy with it last year.It was our exports that kept our economy afloat along with the housing market (capital)