Sam Dickie: Fisher Funds senior portfolio manager explains how Government spending impacts inflation and interest rates
There's a clear divergence between loose fiscal policy and tight monetary policy.
Reserve Bank Governor Adrian Orr says a restrictive monetary policy will be in place for some time following the latest OCR hike, but denied Budget 2023 would contribute to inflation.
Sam Dickie from Fisher Funds says this issue is a problem worldwide, as Governments have relied on expansionary fiscal policy since the GFC and 'filled their boots' during Covid-19.
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