Clark and Cullen have proven they are good at making governments work. No one will be in a hurry to call an early election.
It is probably close to its nadir but it will improve only slowly.
Such levels have typically coincided with a short-term contraction. After five years of stellar growth, the economy is now entering a more sedate growth phase, as is required to alleviate pressure on resources.
When it goes, it is going to go a country mile pretty quickly.
He doesn't want to see lightening strike twice, and risk giving the housing market another wind.
There's not a lot of investment opportunities out there, so yield is still the default play for the market. But when the New Zealand dollar turns, it will turn aggressively, and if we don't get yield demand it will fall by a country mile.
There in something in today's release for everyone.
I'm U.S. dollar bullish over the next three months, largely because the Fed will go to 4.75 percent and they'll leave the door open to 5 percent.
He's delivering a warning shot. The message is that they don't appear to see any problem with having monetary policy in a restrictive stance for some time.
Copyright © 2024 Electric Goat Media. All Rights Reserved.