Yesterday the NZ Herald
reported:
Prime Minister John Key continues to take an optimistic view about
New Zealand's credit downgrades, saying they are unlikely to spark
mortgage rate rises.
Then today Scoop
reported at 3:44 PM:
John Key has
this afternoon finally admitted that Kiwi homeowners may be
stung by mortgage rate rises because of the double credit
rating downgrade that has come under his watch, says Labour
Leader Phil Goff.
Then Radio NZ
reported at 6:42 PM:
Meanwhile, Prime Minister John Key says the indications are that the
double ratings downgrade will not have a lot of effect on interest rates
because the Government's books are still solid.
Our Prime Minister is incompetent!
