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Live updates, February 24: No new community Covid-19 cases; half of Papatoetoe school already retested

The Official Cash Rate will remain unchanged at 0.25%, the Reserve Bank has announced. A statement from the central bank’s governor Adrian Orr said that while global economic activity has increased since November, “this lift… has been uneven both between and within countries”. Orr said: “The initiation of global Covid-19 vaccination programmes is positive for future health and economic activity. The Committee agreed, however, that there remains a significant period before widespread immunity is achieved. In the meantime, economic uncertainty will remain heightened as international border restrictions continue.” 2.10pm: Former ZB talkback host returning to airwaves Danny Watson is returning to the radio biz, taking over the afternoon slot on Magic Talk from Sean Plunket.

Teuila Fuatai: Has John Banks set the tone of corporate anti-racism conversation?

Open mike 15/02/2021

Owning a home provides security that no amount of rental law cannot. The trouble is that house prices do not reflect the cost of owning a home. They reflect the cost of the expected medium-term capital gains (post bright-line). It wasn t a problem when they reflected the expected gains upon retirement and downsizing, but now who honestly expects to be in that house for thirty years? Or do they expect to flip it in ten years or so? Ad 1.2.1.1.2.1 Agree with the security bit. I ve seen the pro s and cons of home ownership debated at length in New Zealand literature. They re pretty even.

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