Better news but bad decisions
Kia ora,
Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
And today we lead with news the world is awash in better economic news today in many of the world's largest economies.
First, the overnight dairy Pulse auction of the two key milk powders brought more weakness. The SMP price fell another -0.5% from last week's full auction, but as the NZD is rising, it was actually down -1.6% in NZD terms. The WMP fared worse, down -3.6% on the same basis in…
The skinny
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