Friday, September 12, 2008

Statistics

The New Zealand Reserve Bank reduced it's OCR the other day by .5% (the 2nd time in rougly the last 2 months).



I wasn't aware that they had dropped the OCR in New Zealand prior to that, but I was aware that about a week ago Australia's Reserve Bank did the same thing, but only by .25%.  


I wonder what impact this has on house prices.  I have no idea how I could sensibly measure this, but being curious I loaded up the charts for both currencies vs the US dollar.  First, New Zealand:


Now Australia:

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About Me

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Melbourne, VIC, Australia
Jerrold is a recently migrated Melbourne based software engineer with roughly 5 years experience developing in Java and the web technology stack (HTML, CSS, DOM, JavaScript, etc). More recently, he's started developing in Python (well, Jython, but close enough) and is unsure if it's flaws outweigh its advantages of having a more sugary syntax. He is currently working at a small South Melbourne based company which specialises in sales incentive management / reporting software, and is being schooled in the finer points of small company operations.