Economy Watch
1,329 episodes - English - Latest episode: 24 days ago -We follow the economic events and trends that affect New Zealand.
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Risk off as key uncertainties rise
November 09, 2022 18:52 - 4 minutes - 4.23 MBKia ora, Welcome to Thursday’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 the sharp dive in crypto prices, especially bitcoin, has induced a risk-off tone in markets today. And financial markets are bracing for tomorrow's release of American CPI data. They expect it to stay high with the headline rate at 8% which will trigger another out...
Fantasy beats reality in both the US and China
November 08, 2022 18:34 - 4 minutes - 3.78 MBKia ora, Welcome to Wednesday’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 open and fair availability of information is subject to wild distortions in two of the world's largest economies. Americans are at their mid-term polls in an election that seems to turn on vast amounts of self-interested billionaire money and admitted-Russian inte...
Opaque China has everyone guessing
November 07, 2022 18:20 - 4 minutes - 3.97 MBKia ora, Welcome to Tuesday’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 investor fascination with the possibility China may back off its strict lockdown regime doesn't seem to be reciprocated by official announcements yet. In China, exports fell in October, their first retreat since May 2020, and prior to that their January 2019. The fa...
America votes ignoring strong economy
November 06, 2022 18:16 - 7 minutes - 6.49 MBKia 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 still driven out of the United States. High and persistent inflation is the greatest near-term risk to the American economy and financial system, the US Federal Reserve said in its semi-annual Financial Stability Review. It also warned of rising instability in the tr...
Martien Lubberink: Why banks love housing so much
November 05, 2022 17:00 - 30 minutes - 28 MBWhy do banks love housing so much? Is this good for the overall economy? And if not what, if anything, could be done to change things? We address these questions in the latest episode of interest.co.nz's Of Interest Podcastwith Martien Lubberink, Associate Professor at Victoria University’s School of Accounting and Commercial Law. Lubberink has previously worked for the Dutch central bank and contributed to the development of bank regulatory capital and disclosure standards both in Europe a...
Expansions roll on but look shaky now
November 03, 2022 18:52 - 4 minutes - 4.51 MBKia ora, Welcome to Friday’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 most economic expansions are rolling on, but seem to be less secure as central banks struggle to contain inflation. The giant American service sector expansion slowed slightly in October, and by slightly more than was expected. But it is still a healthy expansion, ju...
US Fed hints at smaller future rate hikes
November 02, 2022 18:48 - 5 minutes - 4.88 MBKia ora, Welcome to Thursday’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 that is all about the US Fed. As expected, the US Fed has raised its policy rate by +75 bps to 4%. It is their sixth consecutive rate hike and the fourth straight +75 bps increase, pushing borrowing costs to a new high since 2008. The odds are currently divided bet...
Global factory expansion ends
November 01, 2022 18:39 - 5 minutes - 5.45 MBKia ora, Welcome to Wednesday’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 that global factories are no longer expanding as fast as we head into the last two months of 2022. But first, there was another sizeable fall in dairy prices at the auction earlier today. Overall prices fell another -3.9% in USD terms, and on the rising Kiwi dolla...
The international economic slowdown shows up and spreads
October 31, 2022 18:39 - 5 minutes - 5.08 MBKia ora, Welcome to Tuesday’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 international inflation is still raging, while the economic slowdown needed to quell it is starting to show in some parts. There were two regional factory surveys out overnight in the US. The Chicago PMI was little changed and that was an unexpected disappointment b...
Confidence in China's ability to recover is eroding
October 30, 2022 18:35 - 7 minutes - 6.43 MBKia 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 financial markets have decided there are no [economic] adults in the room in China's ruling group and are moving to decrease their exposure to the Middle Kingdom. First, almost 20% of the members of the American Chamber of Commerce in Shanghai said they were decreasi...
Resilience in the face of huge challenges
October 27, 2022 18:58 - 4 minutes - 4.48 MBKia ora, Welcome to Friday’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 that generally isn't positive, but the data and sentiment seems to be remarkably resilient. US durable goods orders rose more in September than August, but not be as much as was expected. But the rise from a year ago was an impressive +11.5%. Orders for capital goods...
Markets uncertain of where to from here
October 26, 2022 18:53 - 5 minutes - 5.05 MBKia ora, Welcome to Thursday’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 the data is a bit shaky today and the way forward less clear and uncertainties rise. American mortgage application levels fell less than expected last week, but that still takes them to their lowest level since 1998. This trade survey shows the benchmark 30 year fi...
"The Budget we need"
October 25, 2022 18:48 - 4 minutes - 4.38 MBKia ora, Welcome to Wednesday’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 Australia gets "the Budget we need" rather than the one that just papered over their issues. But first, American retail sales are holding, up +8.2% from a year ago on a same-store basis last week. But US consumer sentiment is not holding. The widely-watched Confe...
Rebecca Ingram: Why the tourism restart is not just a matter of flicking a switch
October 25, 2022 18:30 - 25 minutes - 23.7 MBThe resumption of overseas tourism isn't merely a matter of flicking a switch with everything then returning to how it was. Rebecca Ingram, Chief Executive of Tourism Industry Aotearoa, says the industry, dramatically impacted by the Covid-19 pandemic with the border closed and domestic travel restricted for periods of time, continues to face major challenges. Speaking in the latest episode of interest.co.nz's Of Interest Podcast, Ingram says there's no understating the impact of the last ...
Foreigners flee Chinese investments
October 24, 2022 18:46 - 7 minutes - 6.96 MBKia ora, Welcome to Tuesday’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 that is generally going south. Global credit risks are rising as the triple threat of rate rises, Europe’s energy crisis and China’s stuttering property market and political changes all show no sign of easing. Good corporate profits can't mask any of these threats t...
UST benchmarks push sharply higher
October 20, 2022 18:56 - 5 minutes - 4.75 MBKia ora, Welcome to Friday’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 that both China and Turkey seem to be wandering off in the belief that economic management doesn't involve behavioural aspects or consequences. But first, US jobless claims fell to 178,000 last week taking the total number of people on these benefits to just on 1.2 m...
Benchmark interest rates rise worldwide
October 19, 2022 18:40 - 4 minutes - 4.34 MBKia ora, Welcome to Thursday’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 the global bond rout is gathering pace. The US 10-year Treasury yield, the benchmark for borrowing costs worldwide, has risen to 4.11%, the highest since October 2008, with investors fretting about the prospects of a recession from aggressive central bank actions ...
Jeremy Muir: Why there's no silver bullet law for the crypto and blockchain industry
October 19, 2022 18:30 - 33 minutes - 30.7 MBThere's no silver bullet law that parliament could pass to cover off all the good and bad aspects of the crypto and blockchain industry, according to an adviser to the parliamentary select committee running a cryptocurrency inquiry. Speaking in the latest episode of interest.co.nz's Of Interest Podcast, MinterEllisonRuddWatts partner Jeremy Muir discusses a wide range of crypto-asset related issues. A leading lawyer for cryptocurrencies, digital tokens and coins, non-fungible tokens (NFTs)...
Commodity prices drop
October 18, 2022 18:45 - 4 minutes - 4.38 MBKia ora, Welcome to Wednesday’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 commodity prices are buckling under the pressure of a global economic slowdown. First up today, there was another dairy auction overnight, and another weak one and the second substantial fall in a row. Prices were down -4.6% in USD terms so between the two that is...
Question marks rise everywhere, all at once
October 17, 2022 18:43 - 4 minutes - 4.06 MBKia ora, Welcome to Tuesday’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 financial markets are all awaiting the New Zealand Q3-2022 inflation data, due out at 10:45am NZT today. This will set the scene for where fixed home loan rates are headed, and upcoming policy move by the RBNZ. But first, overnight the factory survey in the State of...
Xi warns of 'dangerous storms ahead'
October 16, 2022 18:24 - 4 minutes - 4.16 MBKia 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 first from China. In a 105-minute speech overnight, (here and here) Chinese President Xi highlighted the challenges and risks faced by his country and warned party members to brace for “dangerous storms” ahead. But by rallying around him, he promised they would be ab...
Inflation impulse grips the US tightly
October 13, 2022 18:58 - 6 minutes - 6 MBKia ora, Welcome to Friday’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 the fight against inflation is making little progress in the US. First up, the American inflation rate fell less than expected in September although the shifts were minor. It came in at 8.3% in August and was expected to fall to 8.1% last month. But in the end it cam...
UK financial markets suffer strange own-goal
October 12, 2022 18:47 - 4 minutes - 4.32 MBKia ora, Welcome to Thursday’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 markets remain glued to the car-crash that is happening in UK financial markets, even if the global implications are limited. Separately, US mortgage applications fell -2.1% last week in an extended downward trend. They are a massive -40% lower than the same week a...
IMF warns global economy will get much tougher
October 11, 2022 18:39 - 4 minutes - 4.26 MBKia ora, Welcome to Wednesday’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 the IMF is warning the worst of the current economic turmoil is yet to come. However first in the US, retail sales last week on a same store basis fell away noticeably from the same week a year ago. Inflation can barely explain the 'growth' in this latest survey. ...
OECD warns against bracket creep
October 10, 2022 18:45 - 4 minutes - 4.09 MBKia ora, Welcome to Tuesday’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 wars and holidays are the features of today's roundup. First up today, it is a Federal holiday in the US, Columbus Day (which is morphing into Indigenous Peoples' Day in a growing number of States and communities). But many businesses there don't treat it as a day-o...
China now a global handbrake
October 09, 2022 18:34 - 7 minutes - 6.57 MBKia 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 China has become the handbrake on the global economy now, delivering a string of weak economic data. And, first up there has been something of a surprise from the Middle Kingdom. The Caixin China General Services PMI plunged to a minor contraction in September after ...
Market gloomy ahead of US jobs report
October 06, 2022 18:53 - 5 minutes - 5.2 MBKia ora, Welcome to Friday’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 we are ending the week waiting in a risk-off mood where commodity currencies like the NZD are being hit ahead of the key US jobs report and inflation-averse central bank officials. Last week there were +167,000 new jobless claims in the US, a small rise, leaving 1.22...
Ryan Greenaway-McGrevy: How Auckland's leading the world in housing upzoning
October 06, 2022 18:30 - 27 minutes - 25.3 MBSix years after Auckland Council passed the Unitary Plan, with scope for increased housing densification to boost supply and improve affordability, what impact has it had? Quite a bit according to University of Auckland Associate Professor of Economics Ryan Greenaway-McGrevy. Speaking in the latest episode of interest.co.nz's Of Interest Podcast, Greenaway-McGrevy talks about a recent paper he co-authored on the impact of upzoning on Auckland housing construction, plus a range of other hou...
OPEC slashes output to bid up prices - version 2
October 05, 2022 20:45 - 4 minutes - 4.44 MBThis is a second version of this podcast correcting a bad upload earlier. -------------------- Kia ora, Welcome to Thursday’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 OPEC has sided with Russia and approved an outsized production cut of 2 mln bbd in a bid to raise oil prices sharply. But first, the US services sector continues to exp...
OPEC slashes output to bid up prices
October 05, 2022 18:50 - 4 minutes - 4.44 MBKia ora, Welcome to Thursday’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 OPEC has sided with Russia and approved an outsized production cut of 2 mln bbd in a bid to raise oil prices sharply. But first, the US services sector continues to expand at a healthy clip, according to the widely-watched ISM survey for September. New order flows ...
Markets like tamer data
October 04, 2022 18:45 - 5 minutes - 4.89 MBKia ora, Welcome to Wednesday’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 the heat is going out of some of the global pressure points - and equity markets like that. But first there was a dairy auction overnight, and not an especially good one. Overall prices were down -3.5% in USD terms and down -1.2% in NZD terms. Leading the fall was...
Markets try to look forward positively
October 03, 2022 18:41 - 4 minutes - 3.86 MBKia ora, Welcome to Tuesday’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 markets are looking forward positively today, putting behind it a Q3 that had its issues. First however, later today the RBA will advise its latest rate review and tomorrow the RBNZ will do the same. That means there is a pre-release shadow over local interest rate ...
Instability builds
October 02, 2022 18:39 - 7 minutes - 6.53 MBKia 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 the string of losses and instability is building - just at the RBA and RBNZ meet to to review their OCR settings. As something of a canary, private equity deals are failing to get funded now. You can’t do a leveraged buyout without the debt, and financing markets are...
Global economy working through some huge shifts
September 29, 2022 18:56 - 5 minutes - 5.16 MBKia ora, Welcome to Friday’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 the momentum building to avoid Russian oil and gas supplies is now starting to be quite impressive. But first, American jobless claims last week were a very low +156,000 taking the total number of people on these benefit to just 1.225 mln and the lowest level ever re...
The UK's "whatever it takes" moment
September 28, 2022 18:57 - 5 minutes - 4.61 MBKia ora, Welcome to Thursday’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 markets are a lot calmer today and more willing to invest in 'risk'. First, the Bank of England has rushed in a £65 bln bond buying surge to be concentrated over the next two weeks to steady a British economy that has been lashed by some very bad recent policy move...
Earl Bardsley: Could a pumped hydro scheme free NZ from fossil fuel power and enable the green transition?
September 28, 2022 18:00 - 24 minutes - 22.4 MBIn 2005 Earl Bardsley wrote an article published in the Journal of Hydrology highlighting the possibility and potential of a pumped hydro storage reservoir at Lake Onslow in Central Otago. Fifteen years later Energy and Resources minister Megan Woods announced $30 million had been allocated to develop a business case to tackle New Zealand's dry year storage problem. This would mostly focus on a pumped hydro storage project at Lake Onslow. Bardsley, Honorary Associate Professor at Waikato U...
Fear grows despite positive data
September 27, 2022 18:55 - 5 minutes - 4.95 MBKia ora, Welcome to Wednesday’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 of further chunky benchmark interest rate rises and growing market fear despite much economic data released being generally positive. American durable goods orders slipped in August from July, but less than was anticipated by analysts (-0.4%) and the dip was very ...
Global markets under extreme pressure
September 26, 2022 18:53 - 5 minutes - 5.01 MBKia ora, Welcome to Tuesday’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 international bond yields are still rising sharply and the momentum is rising. It is trashing our currency - and although most other currencies are struggling to stay with the greenback, we are doing relatively worse. First today, the global economy has lost momentu...
Asian economies buckle on strong greenback
September 25, 2022 20:01 - 6 minutes - 5.95 MBKia 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. First we should note that it is a public holiday in New Zealand and markets are closed here today. Today we lead with news the US dollar has hit a 20 year high on global recession fears, and that is causing issues around the world, including for New Zealand. It won't make getting our infla...
Global rush to raise policy rates, following US Fed
September 22, 2022 19:55 - 5 minutes - 5.11 MBKia ora, Welcome to Friday’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 central banks around the world are racing to raise rates in a concerted effort to squash inflation. The cost may be growth and jobs, but there seems universal agreement rampant inflation is a bigger long term risk. But first, US jobless claims rose last week to +178,...
Fed pushes a hawkish message
September 21, 2022 21:30 - 4 minutes - 4.53 MBKia ora, Welcome to Thursday’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 that's all about the Fed who not only raised rates today, they also see more big rises before the end of the year. As expected, the US central bank has raised its policy rate by +75 bps to 3.25%. Interestingly, that is now above the RBNZ policy rate (of 3%) for the...
Nerves rise ahead of Fed
September 20, 2022 19:55 - 5 minutes - 5.36 MBKia ora, Welcome to Wednesday’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 markets only have eyes for the Fed, even as geopolitical tensions rise further in Ukraine. But first up today, there was another positive dairy auction this morning and overall prices rose a tad less than +2.0% which was probably a bit less than expected and which...
It's all about the Fed
September 19, 2022 19:44 - 4 minutes - 4.18 MBKia ora, Welcome to Tuesday’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 all laser-focused on the US Fed today. In the waiting period before the US Fed policy announcement on Thursday (NZT), the US dollar is edging higher, and hovering at a 20-year high. This is a distortion that is having global impacts. The UST bond yield benchmarks ...
Risk at a crossroad
September 18, 2022 19:39 - 6 minutes - 5.9 MBKia 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 that the coming week will be dominated by interest rates decisions by the major central banks including US Federal Reserve, Bank of Japan and the Bank of England. Also in focus will be August inflation rates reported for both Japan and Canada. All this will come foll...
Clare Bolingford: What will regulating the conduct of banks & insurers mean for their customers?
September 17, 2022 18:00 - 25 minutes - 23.1 MBFollowing probes into the conduct and culture of banks and life insurers in 2018 and 2019, the Financial Markets Authority (FMA) is preparing to start regulating the conduct of financial institutions. The incoming regime aims to ensure financial institutions do what's best for their customers over the entire lifecycle of a financial product, and introduces a fair conduct principle through which financial institutions are required to treat customers fairly. Why is change needed? What proble...
Is the world in transition towards a 2023 recession?
September 15, 2022 19:53 - 5 minutes - 4.88 MBKia ora, Welcome to Friday’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 of China stumbling and central banks fiercely focused on controlling high inflation, the chances of a global recession in 2023 seem to be building. But last week only +156,000 Americans made jobless claims, taking the total number on these benefits to just 1.275 mln,...
A consolidation mood settles over markets
September 14, 2022 19:44 - 5 minutes - 4.77 MBKia ora, Welcome to Thursday’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 of more evidence inflation may be topping out. But first, US mortgage applications fell -1.2% last week, a fifth consecutive decline as the base mortgage rate hit 6% for the first time since 2008. That is now nine weeks in the past twelve that they have fallen, sug...
Outsized market reactions to a small but unexpected US CPI change
September 13, 2022 19:52 - 5 minutes - 4.93 MBKia ora, Welcome to Wednesday’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 markets have reacted sharply to a 'small miss' in the US inflation data. The impact on the NZD has been large. This small change in the American inflation rate has brought huge reactions. The US CPI slipped in August from 8.5% to 8.3% at an annual rate. Month-on-m...
Transitioning to lower inflation
September 12, 2022 19:32 - 4 minutes - 4.11 MBKia ora, Welcome to Tuesday’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 of more evidence we may be transitioning to a period of lower inflation, globally at least. The latest US Fed survey of inflation expectations shows them retreating. For petrol, households surveyed expect them to remain at the current lower levels over the next year...
Are we on the other side of the inflation bubble now?
September 11, 2022 19:41 - 6 minutes - 6.1 MBKia 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 central banks are keeping the pressure on the inflation bogey just as there is mounting evidence inflationary pressure are easing and in some places quite quickly. However, this weekend China is on holiday (Mid-Autumn Festival), a muted affair with travel discourage...