Do you know about - Daily Briefing, Wednesday March 05, 2008
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Daily Briefing, Wednesday March 05, 2008 Tube. Duration : 5.25 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . IntroHello. I'm Bernard Hickey with the daily briefing from interest.co.nz... Today, we'll look ahead to tomorrow's decision by Reserve Bank governor Alan Bollard on our official interest rates and what it might mean for people taking our mortgages and investing in term deposits, And we'll have a good close look at the sewerage system in Alabama's largest city. Believe me it's worth the wait because it may eventually effect interest rates here. Story 1, But firstly, we look ahead to tomorrow morning's decision by the Reserve Bank governor Alan Bollard on our official cash rate. The headline is that all economists expect him to keep the cash rate on hold at 8.25%. That bit's not in debate. The key question will be what he says might be the bank's next move and his general commentary on inflation, the economy and the upcoming election. Things change every day in the nuances of what the RBNZ's outlook might be and today is no different. Last night the Bank of Canada cut its official interest rate by a bigger than expected half a percentage point to 3.5%. It also warned that the fallout from the US slowdown on the global economy will be worse than many expect. Canada should know. It depends on the US for a good chunk of export earnings. Meanwhile, the Reserve Bank of Australia actually lifted interest rates yesterday. It is worried about inflation and wants to see the economy slow down. Australian economic activity is getting a big boost from the Chinese-driven demand for ...
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