Gloomy data - UK and Japan in recession in 2H23, Australian unemployment rate at a 2-year high; and a big downside miss in US retail sales for January. USD broadly weaker
Kiwibank's Jarrod Kerr on the war on inflation including how much the RBNZ can influence non-tradeable inflation, and whether its mandate may need changing
Reserve Bank: Remit change triggers realignment of goals indiannewslink.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiannewslink.co.nz Daily Mail and Mail on Sunday newspapers.
New Zealand's government amended the monetary policy remit of the Reserve Bank on Wednesday, removing employment as an objective. The statement said the amended remit retained an inflation target of 1 percent to 3 percent over the medium-term, with a focus on the 2 percent mid-point.
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MIL-OSI Submissions: Economy News – Households tend to pay more attention to inflation when it is high – Analytical Note – Reserve Bank of New Zealand foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.