- Global uncertainty has risen sharply as credit markets focus on risk rather than on returns.
- The NZD economy, whilst growing moderately, is still well placed to weather any global shock.
- Inflation pressures “remain intense”, meaning high interest rates lingering for a while yet.
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Report Prepared by:
Daniel Wills
ASB Treasury Economist
Phone: (649) 374 8185
Facsimile: (649) 302 0992