Latest / The Kākā by Bernard Hickey
Ready for $4/l diesel & 6% fixed mortgage rates?
The top news, analysis and commentary about housing, climate & poverty from Aotearoa’s political economy today include:
* New surges in diesel prices towards $4/litre and a new jump in fixed mortgage rates towards 6% are set to generate another cost-of-living shock and amplify New Zealand voter concerns about inflation and the management of the economy in the remaining six weeks before our election on November 7.
* That’s after US President Donald Trump and other Republican leaders came out in favour of a ban on US diesel exports yesterday, hoping that diverting up to 30% of global diesel…
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