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MR - Experts Views

Does weak data mean the RBNZ should stop raising interest rates?

Friday 16th of July 2010

In the Weekly Overview he says that firstly, the results of the BNZ monthly confidence survey showed that only a net 2% of respondents feel the economy will get better over the coming year. This was down from the June result of a net 26% positive and well off September's fairly ridiculous level of +56%.

Alexander says importantly when looking through the many comments submitted by respondents there are over-whelmingly negative comments including from two groups who have traditionally said that things are generally not too evil - the legal and accounting professions.

"Our interpretation of the survey results is that businesses across many sectors feel the recovery is not as good as they had been expecting or hoping."

Secondly weakness in the housing market continued in the monthly report from REINZ. Dwelling sales in June were the second lowest in the month since BNZ's records started in 1988.

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FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
21 hours ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
23 hours ago Backstage
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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