Central banks get ready to change direction
Kia ora,Welcome to Friday’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 we seem to be "not far" from getting interest rate cuts from the central banks in the US and Europe - and perhaps an unusual hike from Japan.Tomorrow we get the important February US non-farm payrolls report, and today there are more precursor updates.The number of people claiming unemployment benefits for the first time in the US was 213,000 last week, slightly more…
The skinny
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