Too Late! Kiwis Get Another Large Rate Cut, With More To Come...

October 10, 2024 • 00:10:33
Too Late! Kiwis Get Another Large Rate Cut, With More To Come...
Digital Finance Analytics (DFA) Blog
Too Late! Kiwis Get Another Large Rate Cut, With More To Come...

Oct 10 2024 | 00:10:33

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Show Notes

Poor Kiwi’s have been hit by some of the highest interest rates in the western world, thanks to the aggressive OCR hikes from their Central Bank, as high migration stoked inflation, but still saw a recession. Then the RBNZ turns turtle and started to cut rates, as migration started to fall, along with home prices, and now they have another rate cut to contend with, as the economy remains weak, and international factors could push inflation higher again. All up New Zealand’s economy has stalled, unemployment is rising and house prices are falling as the prolonged period of high borrowing […]
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