‘Path Of Least Regret’: New Zealand, Canada Send A Message

New Zealand took "the path of least regret" on Wednesday, when RBNZ opted for a 50bps rate hike, the largest increase in more than two decades. Just five of 20 economists predicted the outsized move, even as markets assigned high odds to a larger increment as the bank seeks to extinguish a raging inflation inferno. Inflation is seen peaking at 7% this quarter, but the chances of entrenched price pressures are rising via the expectations channel. The rationale, as detailed in the new statement,
Every story you need, no story you don't. Get the best daily market and macroeconomic commentary anywhere for less than $7 per month. Subscribe or log in to continue.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints