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10 sats \ 0 replies \ @TheBTCManual 10 Jun 2023
Setting the price of money has always been a guess when its centrally planned, NZ is just saying the quite part out loud, there is no science to it
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0 sats \ 0 replies \ @chungkingexpress OP 10 Jun 2023
The Reserve Bank of New Zealand is asking senior high school students to guess the next interest rate and win! Very strange and a bit gross IMO. NZ is currently facing a massive cost of living issues and social problems directly caused by monetary policy shenanigans...
https://i.postimg.cc/Vv8nZ7TF/Screen-Shot-2023-06-10-at-1-53-37-PM.png
From the website:
About the Challenge
We’re challenging Year 12 and 13 students to test their economics skills against the monetary policy decisions facing the country. Participants will learn first-hand about career prospects from our brightest and best economists, and be in the running for prizes including visiting our Wellington office, sitting front row in one of our press conferences and having lunch with the Governor.
2023 Challenge question
Watch our webinar below, then answer the following question in a 5 to 7 minute video.
When do you think the Official Cash Rate (OCR) will move from 5.5%? In which direction do you think it will move and why?
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0 sats \ 0 replies \ @OriginalSize 10 Jun 2023
Just what we needed, a dot plot which is yeeted
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