Public Address | Cafe | Polity: Key peddles cynical “interest rate avenger” fantasy

Rob Salmond

Mon, 29 Aug 2016 13:45:05 +1200

You miss my point. It is always true that one of the factors that determine what the OCR and other interest rates are is government policy, particularly fiscal policy. So it is always true for them to “claim credit” to a certain extent.

Not quite. Key raised the hypothetical that…

Matthew Hooton

Mon, 29 Aug 2016 12:01:13 +1200

BenWilson

Mon, 29 Aug 2016 10:04:55 +1200

You may try to fight this one blog post at a time but prime ministers will do what prime ministers do

He may, and he will. I hope. Because that is how all wars that are won are fought. One little battle at a time. Sure, it's an uphill battle…

andin

Mon, 29 Aug 2016 09:43:59 +1200

Tell MH that.

llew40

Mon, 29 Aug 2016 09:24:41 +1200

C'mon ..... lets play the ball not the man....

Rob Salmond

Mon, 29 Aug 2016 09:09:56 +1200

@Matthew:

prime minister's can (and do and always will) argue that interest rates are lower than they would be under the other party because it its "irresponsible spending promises / tax cut proposals"

I'm sure you're right that Prime Ministers will always claim their policies are better for interest rates,…

andin

Sun, 28 Aug 2016 07:16:44 +1200

prime ministers will do what prime ministers do
So just as" boys will be boys " the same logic applies to holders of the highest office in the land? Is that your argument? really?
So us mere mortals are powerless in the face of evolutionary rules? dreamt up by the…

Matthew Hooton

Sat, 27 Aug 2016 09:42:01 +1200

One of the factors that drive interest rates is fiscal policy, and so prime minister's can (and do and always will) argue that interest rates are lower than they would be under the other party because it its "irresponsible spending promises / tax cut proposals". You may try to fight…

Euan Mason

Fri, 26 Aug 2016 18:40:41 +1200

Since when has the truth ever stopped Key from making outlandish claims? Homelessness, the housing crisis, child poverty, the widening gap between rich and poor, unswimmable rivers, our appalling record on climate change mitigation, fraudulent carbon credits, expanded GCSB spying on NZers, his use of black ops, and even his…

BenWilson

Fri, 26 Aug 2016 14:27:19 +1200

The OCR is also not the interest people pay. The banks add their bit, and that stays constant. It really has nowhere lower to go. Frequently, they don't pass on the rate cuts. So the OCR halving doesn't nearly translate into our costs halving (even without the inflationary effect on…

Ianmac

Fri, 26 Aug 2016 14:01:46 +1200

As with the building boom claimed by another Key line, the number of consents are lower in the rate per 100,000 population, than they were in the naughties.

When politicians talk about the current building boom being the biggest in history, they need to look at this chart. https://t.co/RWODhUEZGx

—…

Paul Baker

Fri, 26 Aug 2016 12:42:48 +1200

Sadly, I'm not sure he's gambling – he's been in the game long enough now to know he can get away with it.

Public Address

Fri, 26 Aug 2016 12:42:48 +1200

Discussion from blog post.