Weekend Edition: A world of difference - RBNZ v RBA
Friday 16th August 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.On the face of it you’d wonder why central banks in New Zealand and Australia have taken such different paths when it comes to fighting inflation. They are both western economies that were growing reasonably well before the pandemic. Their response in 2020 was similar, with massive fiscal injections and quite severe lockdowns. So, why such a radical difference in the response to inflation post-pandemic? The RBNZ is rapidly cutting…
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