Latest / Early Edition with Ryan Bridge
Ryan Bridge: We can't bash the Reserve Bank
The problem with bashing the Reserve Bank of New Zealand in real time is that nobody really knows how badly they might have cocked something until well after the cocking's happened.
There weren't many —though not none— chiding Orr for low rates until it was bleedingly obvious in actual data, and what Prince Harry would term 'lived experience', that prices were on the march.
The RBNZ has decided to hike now. They'll probably do another one in September, assuming Trump's ceasefire pause is just that, and beyond September is anyone's guess.
One argument is that they'll hike in September, hold in…
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