๐ RBNZ OCR Decision 2pm Wednesday: What Can We Expect?๐
Markets have spoken! The 2yr swap rate (bank wholesale funding rate) has dropped to Sep 2022 levels (4.19%), down 1.6% from the peak on 4 Oct 2023 (5.79%).
The latest inflation and unemployment statistics have left the door wide open for OCR cut/s. The only unknown variable is the RBNZ itself, the organization tasked with "protecting and promoting the stability of New Zealandโs financial system."
At adviceHQ, we assist clients in both increasing and decreasing rate environments. Contact us for independent financial advice on your mortgage refix, restructure, or refinance.
#advicehq #RBNZ #ocr #financialadvice #mortgages #interestrates
Here's Tuesday's teaser!
Iโm found in socks, scarves, and mittens; and often in the paws of playful kittens. What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Prime Minister delivering apology
On Tuesday 12 November, the Prime Minister will deliver a public apology to survivors of abuse in care in Parliament.
You can register your interest to attend the event in Parliament, or if you want to watch it with friends, whฤnau or a support person you can attend an event at the Due Drops Event Centre in Auckland, Shed 6 in Wellington or the Christchurch Town Hall.
Contact the Crown Response Unit today:
Phone: 0800 717 017 (8:30am - 4:30pm Monday - Friday)
Email: contact@abuseinquiryresponse.govt.nz
Registration closes 4.30pm Monday 30 September.
Accommodation, travel and food costs will be covered. Travel assistance will be provided in forms of air travel, petrol vouchers, gift cards, and train, and bus tickets.
Poll: What does 'Kei te pฤhea koe' mean?
Te Wiki o te Reo Mฤori (Maori Language Week) is upon us and we always love to get involved.
Add your vote to the poll and share a phrase in te Reo Mฤori below to be in to win a $25 Prezzy card.
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4.4% You are finally here
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86.5% How are you (feeling)?
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1.4% There are two fish
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7.7% Pass the salt, please