This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.
Oct 23, 2008
We Think There Will Be An 100 Point Cut In The OCR
We don't think that Bollard will go beyond 100 as he will want to see how the market reacts to 100. He will be particularly interested to see what the banks pass on to borrowers. Less than 100 will surprise people and we don't want surprises, particularly when international markets have just dropped 4% overnight.