Latest / The Kākā by Bernard Hickey
Hipkins eyes cheap & fast growth lever
TLDR: New PM Chris Hipkins looks set to loosen migration settings to buy the Government a surge of cheap economic growth that keeps interest rates and inflation low and tries to restart house price growth, along with winning Labour re-election.Median voters love this kind of growth, as do businesses and Treasury. National and ACT really love it and we face a type of ‘race to the bottom’ competition in the next nine months to see who can offer the loosest migration settings, the lowest inflation and the lowest interest rates — all to fire up house prices again.But is it good in the long-run…
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