Posted on: Sunday, May 10, 2015
The local moneymarkets are now pricing a 100% probability of a first 0.25% cut to the OCR and a 50% probability of a second 0.25% cut over the next 12 months.
Posted on: Wednesday, April 29, 2015
The high gloss coating is starting to wear off the NZ dollar, particularly in relation to its value against the neighbouring Australian dollar.
Posted on: Monday, April 20, 2015
The New Zealand economy is again rapidly approaching one of those situations that we have seen before, a two speed affair where lower agricultural commodity prices caused falling incomes and tight cashflows in rural/provincial regions at the same time low mortgage interest rates/strong immigration fuel a housing boom in Auckland and thus carefree borrowing and spending form the increased (on paper) asset values.