Nick Goodall

Where do you kind of sit now trying to predict Wednesday afternoon?

language and you know just an interest in having a new governor what her style will be these sorts of things so um yeah it doesn't it doesn't make it any less intriguing no of course i think yeah for the official forecast they like i said they probably won't change too much the inputs haven't you know been too wildly different to previous or three three months ago when these were last updated and they're done by you know policy modeling teams you know

analytics teams within the bank as well it's not like a new governor is going to come and change their model um in three months time so i suppose the numbers will be pretty consistent and there's certainly you know and any change there i suppose we can't exactly pin on the new governor but it's more about like say that communication style the wording you know maybe it's a job where we get the old monetary policy statement the new monetary policy statement we whack them into gemini and get it to evaluate the difference and see if there's a difference in in tone and and the way they speak about things and as you said actually maybe watching the conference itself

because that's where you get to hear directly from the governor herself rather than just reading somehow someone else's read on it or what someone else has picked out of it.

So, yeah, I think they usually record an hour after the statement comes out.

So that's probably 3 p.m.

on Wednesday.

Our plan is to record a podcast in response to this too.

It'll probably be recorded prior to 3 p.m.

Usually we have a quick look at those forecasts.

have a decent read over the statement itself and then try and record to get that out as soon as possible.

That'll be the plan this time around too.

But we'll just sort of see if there's anything truly different in there that might take a little bit more time to analyse.

We might push that a bit later.

But the plan will be to have that out Wednesday afternoons before five o'clock anyway.

So keep an eye out for that one and we'll give our initial thoughts on that.

Kelvin, you touched on the terms people are choosing.

Of course, last week we did get more Reserve Bank data, this time for the term chosen on new loans.

So it is when someone takes out a new loan, the term they're choosing.

Often we talk, of course, a lot in our updates about how long mortgages have got to go before they refix, which doesn't actually care how long they fix for.