Stats NZ report shows rental poverty has doubled in the last 30 years; RBNZ says return of LVRs might slow inflation by 1-2 percentage points; UK starts vaccine rollout; Brexit talks on the brink
So, NZ net emissions increased 60% since 1990, and we don't know why? Dairy herd doubled, NZ population up 60%, energy consumption up 100%, immigration up 300%, Vehicle fleet up
Banks are starting to comment that deposit rates are dropping and deposits are walking out the door. this will add pressure to banks lending policies. The RBNZ and maybe the govt naively have fuelled and enabled banks reckless lending on houses to the point where interest rates cannot move up! Its a disgrace, now govt, RBNZ and Banks will manipulate policies to continue to support the house inflation because they cant let it drop, or NZ crashes! Renters are screwed, people trying to enter the market are in trouble! Labour's policies to support SME's are pathetic compared to houses, yet this is where wages and salaries come from! Govt, RBNZ and Banks are educating NZr's to buy houses at all costs for investment. Without stimulation and with any upward rate movement this charade crashes, badly! Not hard to predict the govt and RBNZ's policy strategy next 5 years.
So, NZ net emissions increased 60% since 1990, and we don't know why? Dairy herd doubled, NZ population up 60%, energy consumption up 100%, immigration up 300%, Vehicle fleet up
Banks are starting to comment that deposit rates are dropping and deposits are walking out the door. this will add pressure to banks lending policies. The RBNZ and maybe the govt naively have fuelled and enabled banks reckless lending on houses to the point where interest rates cannot move up! Its a disgrace, now govt, RBNZ and Banks will manipulate policies to continue to support the house inflation because they cant let it drop, or NZ crashes! Renters are screwed, people trying to enter the market are in trouble! Labour's policies to support SME's are pathetic compared to houses, yet this is where wages and salaries come from! Govt, RBNZ and Banks are educating NZr's to buy houses at all costs for investment. Without stimulation and with any upward rate movement this charade crashes, badly! Not hard to predict the govt and RBNZ's policy strategy next 5 years.