How rate hikes have hurt NZ’s economy | nzherald.co.nz

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Title	:	How rate hikes have hurt NZ’s economy \| nzherald.co.nz
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Truly amazing
Comment from : AS 87 87

Kiwis are broke brCarrying high debt loads and zero investment savings Everyone has their wealth tied into their home Second homes are a lifeline being punished by rate hikes and deep recession brGlobal economic downturn will drive a crash in nz
Comment from : SuperPowderpig

This government is not competent After so many problematic and incompetent ministers and the current one getting counseling instead of being fired, they should step down
Comment from : Ch W

New Zealand's economy was hurt by the lunatic Ardern government handing out free stuff Robbing the savers to finance the billions of dollars invested in essentials such as tattoos Barbaric ugly horrible defacing tattoos
Comment from : acement1

New Zealand's economy has been utterly destroyed by the lunatic leftwing government with its criminal co vid crime against humanity The loss of Quality-Adjusted Life-Years due to the mad governmental actions is at least 100ntimes that which would have occurred had the government done nothing at all
Comment from : acement1

Why would increasing OCR help curb inflation when a) inflation is not caused by higher wages, b) only 27 percent of New Zealanders have a mortgage and c) the richest people in New Zealand only pay 8 per cent of their earnings in taxes? Despite this reality the Labour government yet again refuses to introduce wealth and capital gains taxes No way this fake leftist party will make it in the next elections and we will be doomed to decades of right wing governments
Comment from : Miguel Arnedo

You know things are getting wild when you have to pay several times more for eggs than the Aussies
Comment from : Rojigami

Doesn't 'inflation' mean the 'inflating of the cash pool'(Printing money essentially), which has a negative impact on the economy? People talk about inflation as if it's the result when it's the causebrSame with 'the pandemic' It wasn't the pandemic that caused negative effects on the economy but policies that were enacted during the pandemic brIt always comes down to spending and printing money Print less money, and spend less At the least, spend better
Comment from : Daniel

Labour and the Reserve bank have robbed working Nz'rs wealth and have wreaked the economy no excuses
Comment from : poo bum

Jacinda Ardern LIED TO US IN AOTEAROA, BLATANTLY!!! HOW MUCH DID PFIZER PAY YOU🤑🤑🤑Jacinda?? The same question Judith COLLINS asked and the fake you are jacinda⁉️HAD Judith Collins FIRED, YOU GOTTA NERVE⁉️ONE WONDERS WHY AND WHAT ARE YOU HIDING🎉 FROM US IN AOTEAROA, Jacinda⁉️THERE IS NOWHERE TO HIDE, AND KINO KI NGA WHANAU, HAPU, IWI KATOA iacinda!!! AOTEAROA HAS TO CONTEND WITH THE IDIOTS IN NZ GOVERNMENT NOW!!!
Comment from : Maria Kawiti

There are two factors that you need to consider the price of money AND the supply of money Rates are not the issue when you consider the Reserve Bank's approach to inflation controlbrbrDoes anyone serious think inflation is actually just a NZ thing?
Comment from : Enumerate Nz

We never expect this much of rate hikes will happen This is extremely high Government should take an action to reduce this We are trapped in no where we don't know what to do We have to work bluddy hard and have to pay all of these If we sell the house now all our deposit and monthly paid money will go to bank as the value of the house is terribly beacme low We really can't effort this much of hiking rates 😢
Comment from : Nature Lover

Interest rates can never be too low for people wanting to borrow and spend, borrow and spend, borrow and spend
Comment from : frwansie

Government caused the problem during the ,pandemic,’ through their spending, The second punch is interest rate rises The knockout punch will be coming high unemployment
Comment from : Al M

You guys should have asked "how and who are these low rates benefitting, atleast 5 years ago"brLow interest rate didn't boost economy or didn't help to meet inflation band but helped bankers and realesate
Comment from : Jomi Gregory

How many New Zealanders have flown to Australia? The wage growth depends on net migration
Comment from : MSD Group

Inevitably result of the Magical Monetary Theory, they've been following
Comment from : Low Tech

Until this government stops spending like drunken sailors, there's only one way rates are going
Comment from : BAM1968a

how are wage increases below inflation "very strong"?
Comment from : kung futzu

If I was in charge I would cap mortgagee rates at 5 an and have a 30 increase in retail council rates for one year to be spent only on infrastructure over a 5 year term
Comment from : stuart somerville

Can't we just talk to someone who controls the reserve bank, why do our 'professionals' have to guess everything
Comment from : Arty Clutch

With restrictions on precious materials getting the diggers back out there can raise GDP you may find a sweet harvest in whats just in the air⬆
Comment from : Aaron Hunt

There is too much focus on the inflation I am more worried about long-term or permanent recession due to surden surge interest rate
Comment from : GoldMoon82