nice , there were a few of us on this thread warning nz market looked bad for this yr at the start of the yr and off-shore was the money winner so all worked out well , although off-shore starting to look expensive esp if inflation stays persistant so im cautious on everywhere during next yr
RBNZ announcement yesterday .25% rise probably the market was expecting a 50 move looking at the reaction of the kiwi to the downside. getting slammed
Deputy governor Geoff Bascand said it expected about 70 per cent of mortgages to be repriced over the coming year. The bank’s monetary policy committee said it discussed how fast interest rates needed to be increased, and explained there was “uncertainty about the resilience of consumer spending and business investment as the country adapts to living with the Covid virus in the community”.
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