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Comments on: No emergency cut was the right choice http://www.tvhe.co.nz/2008/10/16/no-emergency-cut-was-the-right-choice/ The Visible Hand in Economics Tue, 21 Oct 2008 21:19:52 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Shopping for Kids Halloween Costumes | Totally Costumes http://www.tvhe.co.nz/2008/10/16/no-emergency-cut-was-the-right-choice/#comment-2894 Tue, 21 Oct 2008 21:19:52 +0000 http://tvhe.wordpress.com/?p=1579#comment-2894 […] no emergency cut was the right choice […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/10/16/no-emergency-cut-was-the-right-choice/#comment-2893 Thu, 16 Oct 2008 02:59:50 +0000 http://tvhe.wordpress.com/?p=1579#comment-2893 “I did well shorting that one on iPredict. Could not see the sense in the early cut.”

It appeared that a cut would be consistent with the Bank’s goal for a certain interest rate from September – however, of course the rest of the world cutting interest rates had a flow on effect, fundamentally lowering the interest rate we had to set here to attract capital anyways. As a result, there was no need for a cut here. Obvious now it seems 😛

]]> By: Eric Crampton http://www.tvhe.co.nz/2008/10/16/no-emergency-cut-was-the-right-choice/#comment-2892 Thu, 16 Oct 2008 02:57:02 +0000 http://tvhe.wordpress.com/?p=1579#comment-2892 I did well shorting that one on iPredict. Could not see the sense in the early cut.

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