Roger J Kerr says the RBNZ, it appears, are now belatedly recognising the difficulty in reducing the sticky/wage-push domestic inflation that has been running close to 4.00% for many years
Roger J Kerr says the still-high level of inflation that has declined a bit isn't yet cause for celebration and the RBNZ needs to explore more options to get it lower. But he sees US inflation march lower even if their economic data remains mixed
Roger J Kerr says weaker than expected inflation and jobs data in Australia has forced away any lingering expectations of further Reserve Bank of Australia (“RBA”) interest rate hikes