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RBNZ to hold unscheduled press conference
The Reserve Bank of New Zealand announced it will hold a press conference directly after its Official Cash Rate (OCR) announcement tomorrow. The central bank usually only holds press conferences after it releases monetary policy statements every quarter. The next monetary policy statement will be on March 12.
Interest .co.nz will attend the press conference. The OCR announcement will be at 9:00 Thursday morning.
8 Comments
I guess he will have
I guess he will have to explain either:
1) Why he has cut 2% rather than 1%
or
2) Why he has not cut at all
If it was just 1% there would be no need for a press conference - would there?
Could be resigning?
Could be resigning?
Here comes the start of
Here comes the start of easing the nation into the reasons why we may have no alternative but to think about selling off the remainder of our state owned asssts to address our current account balance or we will face even more sanctions from the central banking conglomerate. This will of corse lead to the imminent National Party Executive renege of all that they campaigned because the worsening economic situation now gives us "no choice".
Those with sufficient knowledge of international banking practice know that there is a real tried and tested successful choice in that of a debt free based public money system. The selling of our necessities of life either wholely or partly via Public Private Partnerships is selling our sovereignty and our citizenship into servitude.
Another possibility is that Bollard
Another possibility is that Bollard wants to comment on other interesting data about to be released.
For example, the last two working days of the month are when the previous months credit and money statistics are made available. I will be looking to these to see if a contraction in credit (effectively deflation confirmed) has been established - in November credit contracted but one month's data isn't enough to indicate a trend.
Who cares what he says,
Who cares what he says, he hasn't a clue what he is talking about. His last statement was that the recession was over - yeah right!
Ian wrote.. "Here comes the
Ian wrote.. "Here comes the start of easing the nation into the reasons why we may have no alternative but to think about selling off the remainder of our state owned asssts to address our current account balance or we will face even more sanctions from the central banking conglomerate."
Yet another conspiracy theory fails to come to pass.
I said here comes the
I said here comes the start of easing the nations into the reasons why.
Did you happen to catch the reporting of the state of the nations books today also.
"The situation has deteriated even worse than we expected"
Dont worry Richard. I dont think to many here would argue that I can produce the proof of pre-empting much of the financial ructions of late.
Do enough study and you soon realise its not any great accomplishment to predict something that has happened over and over.
History has been chapter after chapter of the slaveminded few conspiring to exploit the many. I don't think its just going to stop because you say so Richard.
Iain said : "Did you
Iain said : "Did you happen to catch the reporting of the state of the nations books today also. "The situation has deteriated even worse than we expected""
I did catch that Iain - that statement was entirely reflective of current conditions. Had Bollard said anything else he would be lying. How does Bollard stating the facts support your conspiracy theory that he's softening us up for policies he is removed for influencing or implementing? Then again as any sun worshipper knows, its rising every morning proves the sun god lives.