Full Blown Panic Now.... they just cut 50 points a month ago.....
The Reserve Bank of New Zealand has cut the Official Cash Rate by 50 basis points, taking it from 4.75% to 4.25%.
Some banks have reacted quickly, with Kiwibank cutting its variable home loan and business lending rates and ASB dropping interest rates across personal, business and rural lending by 0.50%.
Now, much of the focus will be on new economic forecasts and where the RBNZ sees the OCR landing next year.
A consensus of economists and financial markets had expected the cut which has now been delivered, with long odds on a cut of 25bps or an outsize one of 75bps.
Nearly 1500 more jobs may be cut at Health NZ - Te Whatu Ora, the public sector union says.
That was on top of more than 500 voluntary redundancies that had already been accepted. RNZ has tallied 2042 jobs are now gone or proposed to go at the agency.
The Public Service Association said about 700 of the roles to go were currently vacant because of a freeze on recruitment.
They would include 47 percent (1120 jobs) of the entire Data and Digital group and 24 percent (358 roles) of the National Public Health Service.
Te Whatu Ora is the country's largest Crown entity, employing more than 80,000 staff, according to its annual report for 2022/23.
That includes frontline staff employed in hospitals. Te Whatu Ora said clinical roles were not being cut.
National health sector lead Ashok Shankar said the cuts are another "shameful attack on an already stretched public health system that will end up hurting the health of all New Zealanders.
"Every day New Zealanders are experiencing a health system that is failing to give them the care and support they need - these cuts will only make that worse.
New Zealand is in a slow moving death spiral.... the barnyard animals are protesting hospital cuts.... wake the f789 up --- there is NO MONEY!!! the debt is already out of control....
The country is on The Highway to Hell..... Sell everything. Leave
Once the fertiliser stops coming, the starvation will begin. Look how far outside the world economic core (Asia) New Zealand is. They'll be the first to be left out of the supply chain.
Horse face Adern started the mess in NZ to please her Nazi boss Klauss. An absolutely disgusting witch of epic proportions and the textbook definition of a c**t.
Dontcha just love how she f789ed off the to the USA ... apres moi.. le deluge...
I'll have to use that as a title for a future SS
During the roll out .. I mentioned to a few Pro Vaxxers that I thought she was MORON... a former DJ running a country DUH... they vehemently disagreed... and said 'but she's been voted by CNN as the most popular leader in the world'.... making them MORONS too.
Bus and train fares may surge by up to 70% to meet NZTA targets
It would mean a Wellingtonian spending $10 a day on Metlink fares would have to spend $17 a day under the new rates.
In the past two years, Wellington fares had already increased by 6 percent and then 10 percent in order to keep up with rising costs and inflation.
https://www.rnz.co.nz/news/national/534941/bus-and-train-fares-may-surge-by-up-to-70-percent-to-meet-nzta-targets
How did you bleed out? Slowly at first then... it gushed out
Full Blown Panic Now.... they just cut 50 points a month ago.....
The Reserve Bank of New Zealand has cut the Official Cash Rate by 50 basis points, taking it from 4.75% to 4.25%.
Some banks have reacted quickly, with Kiwibank cutting its variable home loan and business lending rates and ASB dropping interest rates across personal, business and rural lending by 0.50%.
Now, much of the focus will be on new economic forecasts and where the RBNZ sees the OCR landing next year.
A consensus of economists and financial markets had expected the cut which has now been delivered, with long odds on a cut of 25bps or an outsize one of 75bps.
https://www.nzherald.co.nz/business/official-cash-rate-live-updates-reserve-bank-to-reveal-ocr-decision-how-far-will-rates-fall/XWGHKVVH5ZCOPF7LTQZY33BPA4/
The drum beat of doom beats harder...
Nearly 1500 more jobs may be cut at Health NZ - Te Whatu Ora, the public sector union says.
That was on top of more than 500 voluntary redundancies that had already been accepted. RNZ has tallied 2042 jobs are now gone or proposed to go at the agency.
The Public Service Association said about 700 of the roles to go were currently vacant because of a freeze on recruitment.
They would include 47 percent (1120 jobs) of the entire Data and Digital group and 24 percent (358 roles) of the National Public Health Service.
Te Whatu Ora is the country's largest Crown entity, employing more than 80,000 staff, according to its annual report for 2022/23.
That includes frontline staff employed in hospitals. Te Whatu Ora said clinical roles were not being cut.
National health sector lead Ashok Shankar said the cuts are another "shameful attack on an already stretched public health system that will end up hurting the health of all New Zealanders.
"Every day New Zealanders are experiencing a health system that is failing to give them the care and support they need - these cuts will only make that worse.
https://www.odt.co.nz/news/national/shameful-health-nz-axe-nearly-1500-more-jobs-union
The $3 billion Dunedin Hospital saga: Broken promises, blown budgets and southern outrage
https://www.nzherald.co.nz/nz/the-3-billion-dunedin-hospital-saga-broken-promises-blown-budgets-and-southern-outrage/T56MOO5WLJAKFO24LTTITLUIT4/#google_vignette
This is what happens when 1. you have a MORON/DJ running the country ... 2. you run up massive debts bailing out the wealthy during covid e.g. https://www.rnz.co.nz/news/business/419749/aj-hackett-bungy-gets-10-million-boost 3. you run out of cheap energy to allow the economy to grow...
New Zealand is in a slow moving death spiral.... the barnyard animals are protesting hospital cuts.... wake the f789 up --- there is NO MONEY!!! the debt is already out of control....
The country is on The Highway to Hell..... Sell everything. Leave
There will be no health system, either in NZ or soon in the UK either. Fentanyl injections for those unable to work if we're lucky.
That is an excellent idea.
The fools should be selling up and taking the two hour flight across the ditch to a higher deck of the Titanic....
Surely you don't mean that a society can't power itself by unicorn farts and pixie dust?
Once the fertiliser stops coming, the starvation will begin. Look how far outside the world economic core (Asia) New Zealand is. They'll be the first to be left out of the supply chain.
You may like this, Eddy: https://www.youtube.com/watch?v=yjJVwUiHbnA
Where's the helicopter?????
Huh. Video unavailable in the U.S.
Serms like they tooj it down. I cant see either now.
But here’s another video on the same subject: https://youtu.be/_9wrwYTeTvQ?si=LyH1I5B6ywJ8q1XQ
And from the horse’s mouth himself: https://youtu.be/eVYTdDD0i4U?si=hXWznNnkldgEhNeI
Horse face Adern started the mess in NZ to please her Nazi boss Klauss. An absolutely disgusting witch of epic proportions and the textbook definition of a c**t.
Dontcha just love how she f789ed off the to the USA ... apres moi.. le deluge...
I'll have to use that as a title for a future SS
During the roll out .. I mentioned to a few Pro Vaxxers that I thought she was MORON... a former DJ running a country DUH... they vehemently disagreed... and said 'but she's been voted by CNN as the most popular leader in the world'.... making them MORONS too.
cnnbbc - telling the world what to think