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| Thread ID: 65209 | 2006-01-11 01:11:00 | Telecom line rental up to $42.20 in March | Bazza (407) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 420014 | 2006-01-11 19:07:00 | I have no problem with the bank cut but why does a rate go up when the cash has already been paid by the bank? Thats a point actually. Imagine getting something else - furniture or whatever on finance and the finance company changes the interest rate all the time. Anyway this increase affects standard customers only - not those with the Anytime plan or other plans listed in todays Herald. So I don't care..... :thumbs: |
pctek (84) | ||
| 420015 | 2006-01-11 20:04:00 | Same here, with different providers. I pay $9.95 for my phone number, and $60 for internet. I could get the net cheaper I guess, but I have somewhat of a need for speed. -Qyiet What happens to your phone when the power goes off?? |
paulw (1826) | ||
| 420016 | 2006-01-11 20:07:00 | I think people need to understand inflation. Just look at the prices for petrol. Telecom has little people running around in cars fixing your phone lines etc. These cars don't run off thin air (or devil-juice as some of you telescummers would like to think). If the petrol price rises, they won't continue to absorb these costs. Telecom dosen't have people running round in little cars fixing phones. They have contractors at a fixed price who have to carry the cost of fuel price increases intil their next contract renuel comes up. If Telecom doesn't like their new contract price it goes to the next lowest Bider.. |
paulw (1826) | ||
| 420017 | 2006-01-11 21:15:00 | The increase,if reported correctly, is nearly 6 per cent, surely inflation wasn't that high? | bonzo29 (2348) | ||
| 420018 | 2006-01-11 22:58:00 | Also it doesn't affect people with Anytime plans, or 60s plus plans or whatever. Only standard phone contracts. | pctek (84) | ||
| 420019 | 2006-01-11 23:07:00 | It's the first increase in 2 years (as was reported in the paper), so it probably is about correct for inflation over that period . In that 2 years, my combined phone and internet cost has dropped by about 1/3, despite such "increases" . Line rental is only part of an increase, all other variables such as toll costs and smart services etc have dropped . It was regularly in excess of $400 per month, now its about $250 despite even more toll call usage by me now than 2 years ago . So I am not complaining . My fuel and power costs have increased however . As have rates, insurance, sky TV, food, doctors visits etc . Telecom's overall costs to me are the only ones that have actually dropped of all the overheads . Not supporting or decrying the issue the other posters raise, just a plain statement of fact as it affects me . If you want to complain then don't be specific, why not complain about all cost increases (and lead by example of course and politely refuse any wage increases offered, in the overall benefit to the nation) |
godfather (25) | ||
| 420020 | 2006-01-11 23:44:00 | [QUOTE=manicminer]Double Barstards. Triple bastards. |
mark c (247) | ||
| 420021 | 2006-01-12 05:34:00 | Interest rates (generally) are controlled by a mixture of the Reserve Bank's rate and supply and demand. I don't really want to go into it too much because there are many varying factors. Generally banks need to balance their quadzillions at the end of every day; any credit or debit gets either banked or borrowed with/from the Reserve Bank at that day's cash rate (your local retail bank pays interest to the RB either way). Because the RB's cash rate can be altered every day, this flows on to interest rates paid by borrowers and received by depositers. You can of course lock in an interest rate on a mortgage for a fixed term (these are generally financed from overseas, rather than the local market). |
Antmannz (6583) | ||
| 420022 | 2006-01-12 06:45:00 | Interest rates (generally) are controlled by a mixture of the Reserve Bank's rate and supply and demand. I don't really want to go into it too much because there are many varying factors. Generally banks need to balance their quadzillions at the end of every day; any credit or debit gets either banked or borrowed with/from the Reserve Bank at that day's cash rate (your local retail bank pays interest to the RB either way). Because the RB's cash rate can be altered every day, this flows on to interest rates paid by borrowers and received by depositers. You can of course lock in an interest rate on a mortgage for a fixed term (these are generally financed from overseas, rather than the local market). You're on the right track here. The RBNZ controls the rate by buying and selling bonds. Buying bonds puts more money back into the economy (hence increasing inflation), selling bonds takes money out. An equilibrium is struck somewhere near the interest rate. This is only minor monetary control, as you said its the balancing at the end of the day, which makes the biggest difference. I don't believe the bank can change the interet rate daily. It does so every three months at those monetary statement bull**** things. Anyway, this is the sort of stuff that an economic major bashes into you. I hate economics. |
DangerousDave (697) | ||
| 420023 | 2006-01-12 08:44:00 | Did you know its illegal in Muslim countries? | pctek (84) | ||
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