Intense pressure but financial markets still holding
Kia ora.
Welcome to Monday’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.
Today we lead with news it has now been 66 days since the Strait of Hormuz has been largely shut and the two combatants seem to have descended into stalemate (although the Iranian's seem to have attacked one cargo ship overnight, let others through). The result has been much higher fuel prices, fertiliser prices, and a settling in of inflationary pressure everywhere. These pressures are intense…
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