Mike's Minute: "Why risk choking off what little we currently have?"
To the Reserve Bank, the cash rate and the state of NZ Inc.
It's assumed by most that the cash rate will be increased 25 points to 2.75%.
It's also assumed there will be another one by the end of the year. What happens after that has a “who knows” feel about it.
What I feel, to a degree, is a groundhog-ish sort of vibe.
We have been here before. We were here before the war. The momentum was building, the recovery was on and we started to feel good about the place.
Then Trump blew it up.
It turns out, if Westpac are right, the period of the war (April, May and June i.e Q2)…
The skinny
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