Currently falls 3c against the $US in a single day and almost 1.5c against the A$.
My New Years prediction this year was that the NZ economoy would be buggered by October/November and we'd be in a near recession. It looks like it's actually occuring a little earlier.
What's going to happen to house prices and interest rates now when our banks no longer have cheap money to loan? What's going to happen to inflation as the cost of petrol and imported goods starts to sky rocket?
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