Panel 1
Big Bailout fails
What now for us?
High interest rates for longer
Longer recession
Lower house prices
But not a depression
And no NZ banking collapse
Panel 2
High rates for longer
Bank funding costs up
Will be passed on
But banks absorb some pain
Panel 3
RBNZ will help
May cut 100 bps Oct 23
To soften blow for banks
Keep rates from rising
Panel 4
A longer recession
But not a depression
Global economy slowing
US not in recession yet
Lower export returns
Lower oil price
Panel 5
Its different from 1929
Banking system stronger
Floating exchange rates
Fast growing Asia/LatAm
Banks pumping in money
Recession into 2009
Panel 6
House prices to fall 30%
As we predicted in Feb
Banks will not fail
Past due loans still low
Strong capital backing
Depositors are fine
Panel 7
Banks will slow lending
Kiwibank taking up slack
7.99% vs 8.7%
You can have it
No more easy money
80% home loans are gone
Low-doc severely restricted
Top ups difficult
<< Back to article
