Thursday, March 13, 2014

Go Take A Hike - Herald

The God awful Auckland rag is at it again.

Apparently an interest rate rise of just one quarter of one percent is deemed to be a 'hike.'

I thought it was just a marginal increase which most prudent borrowers and lenders would have factored into their calculations at loan commencement time.

I the rate had gone from 0.25$ to 2.75% then you could call it a hike.

2 comments:

Anonymous said...

That's the Herald. If the sharemarket drops a few points it is always a "plunge!"

Cadwallader

Edward the Confessor said...
This comment has been removed by a blog administrator.