Powerful Reserve Bank group appointments: Former board member Chris Eichbaum challenges public narrative
Former RBNZ board member discusses 'ban' of researchers on Monetary Policy Committee.
Source: nzherald.co.nz
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Voodoo magic: Does National's tax plan add up?
National’s self-funded tax plan relies on over $3 billion in untested tax revenue
Source: interest.co.nz
Why Is the Fed So Obsessed With 2 Percent Inflation?
The Covid-induced inflation crisis is pretty much over. The consumer price index peaked at 9.1 percent in June 2022 on an annualized basis (that is, compared to June 2021), then fell 12 consecutive months. It ticked up slightly in July 2023 to 3.2 percent, the Bureau of Labor Statistics reported Thursday, but “core” inflation (that is, the inflation rate minus volatile food and energy prices) actually dropped slightly, to 4.7 percent. The nonannualized numbers, The Wall Street Journal pointed ou
Source: yahoo.com
Too little, too late: RBNZ tests banks against climate stress
Reserve Bank to ask whether New Zealand banks are able to cope with climate change in a 23-year scenario where the planet is 2° warmer
Source: interest.co.nz
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Why are mortgage rates rising when the official cash rate is expected to remain unchanged?
Commentators divided over whether banks are price gouging.
Source: nzherald.co.nz