Latest / The Kākā by Bernard Hickey
Should the RBNZ be looking through climate inflation?
My pick of the six newsey things to know from Aotearoa’s political economy and beyond from the last 24 hours to 9:46 am on Thursday, April 18 are:
* The Lead: Ongoing double-digit inflation in council rates and insurance linked to climate change is pumping up domestic inflation and is helping to delay mortgage rate cuts until late this year or even early 2025. So should the Reserve Bank look through climate change inflation? It says no, but there’s a risk climate shocks drive up inflation and interest rates, delaying de-carbonisation investment. (See more detail and analysis below, and in the…
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