Another Key Contradiction | The Jackal

4 Oct 2011

Another Key Contradiction

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!