Uploaded by ninetyatnine on Oct 26, 2009
Bernard Hickey details the key news in 90 seconds at 9am in association with ASB, including news that Prime Minister John Key has commented on monetary policy on the fringes of an East Asian summit meeting over the weekend.
Key said he didnt expect the RBNZ to hike interest rates until mid 2010 at the earliest while the New Zealand dollar remained strong. The RBNZ is due to make its rates decision later this week and is widely expected to drop its comment about holding the OCR until the latter part of 2010. What does he know that we dont? John Keys comments conflict with the idea of the Reserve Bank being independent.
Meanwhile, large US commercial property lender Capmark has filed for bankruptcy and Citigroup has cancelled thousands of fuel credit cards. It has also increased interest rates for many to 29% from 19% while the US OCR is at 0.25%.
Category:
Tags:
License:
Standard YouTube License
-
0 likes, 0 dislikes
1:37
90 at 9: NZX's long winning streak; Dow down; Treasury indigestionby ninetyatnine126 views
1:15
90 at 9: Parliament attacks NZ's banks; US banks repay bailout money; Fonterra freezes exec salariesby ninetyatnine211 views
1:33
90 at 9: Power firms profit gouging; Fed downgrades economic forecastsby ninetyatnine127 views
1:54
90 at 9: Roubini's 'stagdeflation'; Early Dow rise hit by warning of further credit lossesby ninetyatnine156 views
1:30
90 at 9: Raise the retirement age?; Mortgagee sales high; 7 US banks failby ninetyatnine157 views
1:51
90 at 9: S&P threatens UK rating downgrade; US borrowing expands; Dow dropsby ninetyatnine189 views
1:49
90 at 9: Wall St believes Bernanake will be reappointed by Barack Obamaby ninetyatnine194 views
1:21
90 at 9: US banks need US$65.5 bln of new capital; Porsche and VW to merge; NZ budget woes worsenby ninetyatnine142 views
1:38
90 at 9: QV sees only modest house price rises; US jobless rate falls; Cash for clunkers extendedby ninetyatnine186 views
1:31
90 at 9: US housing turnaround?; Oil falls to US$71by ninetyatnine180 views
2:04
90 at 9: No moves yet from banks to RBA call for lower rates; T-bond demand strongby ninetyatnine222 views
1:29
90 at 9: Swiss hock off UBS stake; FDIC needs more cash; 'Green shoots'by ninetyatnine255 views
2:03
90 at 9: Inflation fears grow and global rates rise as government borrowing kicks inby ninetyatnine113 views
1:12
90 at 9: Japan downgraded; World Bank sees recovery by 2010; Aussie pension bonus for Kiwisby ninetyatnine133 views
1:44
90 at 9: G8 ministers say worst is over; Talk of NZ$ intervention grows; Dairy farm median down 41%by ninetyatnine137 views
1:42
90 at 9: Key against capital gains tax; US-style credit scoringby ninetyatnine108 views
2:06
90 at 9: House prices down 10%; SuperCity costs high; Fed warningby ninetyatnine228 views
1:45
90 at 9: Fed slows money printing; NZ$ jumps back over 67 UScby ninetyatnine173 views
1:47
90 at 9: ECB holds rates, but cuts GDP view; Goldman sees US$85 oilby ninetyatnine143 views
1:32
90 at 9: Line7 into receivership; Madoff sentenced to 150 years, NZ$ hits 65 UScby ninetyatnine130 views
- Loading more suggestions...
Link to this comment:
All Comments (0)