Jenee Tibshraeny: NZ Herald Wellington business editor on BlackRock warning that central banks won't start cutting interest rates anytime soon
Global investment giant BlackRock warns central banks won't start cutting interest rates anytime soon.
Their strategists believe western central banks are committed to stamping inflation out for good- despite the economic troubles weighing China down.
NZ Herald Wellington business editor Jenee Tibshraeny says BlackRock is convinced central banks will overlook China's economic climate to focus on inflation in order to avoid future rate hikes.
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