Latest / The Kākā by Bernard Hickey
We cooled our jets. So where's our rate cut?
TL;DR: Aotearoa-NZ’s economy contracted unexpectedly in the September quarter, unleashing further falls in wholesale mortgage rates that mean banks could (should?) start cutting fixed mortgage rates before Christmas. (See more in updated charts of the day below)
Elsewhere in the news this morning:
* The new Government’s decision to scrap the Clean Car Discount discount scheme it calls the ‘ute tax’ is likely to cost the nation up to $900 million in extra fuel import costs and the Government up to $680 million in extra carbon credit costs because the decision is expected to reduce electric car…
The skinny
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