NZ Everyday Investor OCR and FTX updates / News of the Money-World Ep 56
There's nothing more annoying than just the news.
So here's the news the news first, for what it's worth, the OCR has increased by 0.75%. We are now at a level we haven't been since around 2008.
Why is the OCR important? This 'official' interest rate that the Reserve Bank of New Zealand sets, indirectly influences the costs of money to the banks we the people borrow from.
It's an important thing, because if interest rates increase, two things happen...(Read More Here)
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News of the Money-World! An informative, quirky, and curious look into current financial events that may affect you, the everyday investor.
News of the Money-World is a joint podcast venture between Ungaro & Co Financial Advisers, and kōura Wealth Limited.
kōura Wealth Limited (kōura) is the issuer and manager of the kōura KiwiSaver Scheme. The PDS is available on the website http://www.kourawealth.co.nz.
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