Antipodean Central Banks Have More Work to Tame Inflation
Dow Jones
Sep 28
0442 GMT - Both the Reserve Bank of New Zealand and the Reserve Bank of Australia have been overtly hawkish of late, as both grapple with inflation and higher global interest rates, says Paul Bloxham, HSBC's chief economist for Australia, New Zealand and Global Commodities. The recent escalation of the Middle East and Russia-Ukraine wars are driving the concerns, as is the inflationary effect of the artificial-intelligence boom. Australia's local challenge is weak productivity growth while official interest rates in New Zealand are well below neutral. Bloxham expects the RBA to raise rates this week and again in November, with the RBNZ to hike in 4Q.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.