Heya! Thanks for watching! I will certainly add it to the list! In the meanwhile, interest.co.nz is a great tool for comparing savings accounts and they update it daily www.interest.co.nz/saving/call-account
just came across your YT, great stuffs,mate. Really good research! ANZ 1 year rate lowest I seen is 6.72% now, it was 6.85%. Subscribed, look forward more upload
I found the below on the data.govt.nz website Data: State Highway traffic volumes monthly reports 2008-15 Source: NZ Transport Agency Data: GDP quarterly reports Source: Statistics NZ When the New Zealand Transport Agency began releasing its national traffic volume data in 2012, the ANZ Bank took a close look. The bank focused on key traffic routes and applied statistical techniques to smooth out anomalies and address gaps in the data. It then looked at light traffic (cars and vans) and heavy traffic (the trucks that carry goods around the country) and mapped each to the quarterly GDP reports published by Statistics NZ. The ANZ found that heavy traffic volumes showed a strong contemporaneous relationship with GDP - that is, when heavy traffic volume grew in a three-month period, GDP also grew in those three months. This was not entirely unexpected for the bank, which says in its reports, 'Road user charges revenue data have long been used as an economic indicator. Trucks are moving produce, after all.' What did come as a surprise, however, was that current light traffic volumes serve as an indicator of what GDP will be doing in six months' time. 'It would appear that willingness to buy and drive a car is the ultimate measure of money-where-your-mouth is consumer confidence.'
Decreasing rates are positive news for mortgage holders in NZ. If you have a good, stable job you'll be able to weather the economic rut, and benefit from the decreasing interest costs.
Great video! Thank you.
Glad you liked it!
Thank you for the great video, Brent🙏🏻 Keen to see more macroeconomic topics😊
Love the topic, hope to make more in the future! Thanks for watching! 😁
Great video Brent, thanks :)
Any chance on making a tier list video on bank accounts in addition to the great video on credit cards?
Heya! Thanks for watching! I will certainly add it to the list! In the meanwhile, interest.co.nz is a great tool for comparing savings accounts and they update it daily www.interest.co.nz/saving/call-account
just came across your YT, great stuffs,mate. Really good research! ANZ 1 year rate lowest I seen is 6.72% now, it was 6.85%. Subscribed, look forward more upload
Thanks for watching! Rate cuts at ANZ as high as 0.3% tomorrow according to the news!
how do they monitor traffic over in N.Z
I found the below on the data.govt.nz website
Data: State Highway traffic volumes monthly reports 2008-15
Source: NZ Transport Agency
Data: GDP quarterly reports
Source: Statistics NZ
When the New Zealand Transport Agency began releasing its national traffic volume data in 2012, the ANZ Bank took a close look.
The bank focused on key traffic routes and applied statistical techniques to smooth out anomalies and address gaps in the data.
It then looked at light traffic (cars and vans) and heavy traffic (the trucks that carry goods around the country) and mapped each to the quarterly GDP reports published by Statistics NZ.
The ANZ found that heavy traffic volumes showed a strong contemporaneous relationship with GDP - that is, when heavy traffic volume grew in a three-month period, GDP also grew in those three months.
This was not entirely unexpected for the bank, which says in its reports, 'Road user charges revenue data have long been used as an economic indicator. Trucks are moving produce, after all.'
What did come as a surprise, however, was that current light traffic volumes serve as an indicator of what GDP will be doing in six months' time. 'It would appear that willingness to buy and drive a car is the ultimate measure of money-where-your-mouth is consumer confidence.'
Could you do a video about the top 5 savings bank accounts in NZ?
Great video and so well explained! Looking forward to seeing more content on interest rates / mortgages👏
Pretty good video. Just remember the difference between "less" and "fewer" :)
What can we as consumers do to help ease against these changing rates? Investing money abroad?
Decreasing rates are positive news for mortgage holders in NZ. If you have a good, stable job you'll be able to weather the economic rut, and benefit from the decreasing interest costs.
Awesome video bro make it easy as to understand 🙏🏽
Glad it was helpful!