A review of things you need to know before you go home on Wednesday; no retail rate changes, dairy dip, Fonterra writedown, Spierings out, payout raised, migration down, vacancies up, yields in transition, NZD lower
Here are the key things you need to know before you leave work today:
MORTGAGE RATE CHANGES No changes to report today.
TERM DEPOSIT RATE CHANGES None here either.
DAIRY AUCTION Today’s dairy auction brought the third dip in a row – in USD, down -1.2%. But in NZD there was a gain of +0.3%. The big-volume WMP prices were actually higher, up +1.2$% in NZD.
FONTERRA LOSES, SPIERINGS OUT Fonterra has booked a $405 mln writedown of its Beingmate investment and signaled that its dividend will be c…