Dr Bollard has again raised interest rates. For some reason, he has decided all good Kiwis with mortgages should be sending as much money as possible to overseas Banks. By reducing our disposable income by giving it half of it to the bank in the form of interest and half of it to the government in the form of tax, we save the economy.
Cullen's sitting on a surplus, the Banks are creaming it on mortgages and there's not enough money left over to pay the electricity bill, let alone fill the pot with instant noodles for dinner.
Related Link: Kiwi Battlers attacked by the Reserve Bank
Cullen's sitting on a surplus, the Banks are creaming it on mortgages and there's not enough money left over to pay the electricity bill, let alone fill the pot with instant noodles for dinner.
Related Link: Kiwi Battlers attacked by the Reserve Bank