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Markets have all but removed the likelihood of further rate hikes from the RBNZ after its dovish hold on the official cash rate. Aussie monthly inflation remains at 3.4%
Wednesday’s New York Times couldn’t avoid the historically bad inflation figures, placing economics reporter Jeanna Smialek’s story on the front page: “Inflation Rate Hit 8.5% in Fastest Rise Since 1981.” But the text box went for wishful thinking: