Petrol prices are down at the pumps again today for the 16th time since July (This morning Shell dropped 91 and 95 octane prices 5c a litre to $1.43.9c and $1.48.9c respectively).
The BNZ has dropped interest rates to 6.9% on a 6-month mortgage.
The OCR is expected to "suffer" a 100 basis point cut next week, with most economists seeing the OCR falling as low as 4% next year.
The NZ dollar today closed at US53.20c, up from Friday's closing.
Am I missing something here? Sure, importers may be suffering in relation to the dollar's levels, but in all other respects, we're far better off than we were a few months ago, aren't we???
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