Reserve Bank Not Worried About Inflation
Weekly Commentary ... by Tony Alexander
The Reserve Bank surprised the markets today not by leaving the cash rate unchanged at 1.75%, but failing to adopt a tightening bias (warning of rate rises) which most expected. That has caused the NZD to fall close to US68 cents but doesn’t change the risk that bank lending rates will continue to edge slowly higher while lending rules get tighter and tighter.
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Welcome. Fiona is a successful business woman with a long connection to Papakura and from a family with a long history of working in real estate.