Slowing economic activity and business confidence in the Central Valley due to interest rates and inflation.
2 reports, 2 independent
Updated Sep 20
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Slowing economic activity and business confidence in the Central Valley due to interest rates and inflation.
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Part of
Inflation targets were missed, necessitating the maintenance of high interest rates by central banks.Also in this story
- Central bankers are facing the growing fear that the money supply they manage is being used to serve political needs, leading to pressure to help politicians avoid difficult choices.
- Inflation remains high despite the Reserve Bank holding interest rates steady.
- The Federal Reserve and the FOMC are facing criticism due to a failure in their policy regarding inflation targets.
- The Reserve Bank of New Zealand (RBNZ) is using the Official Cash Rate (OCR) hikes to bring inflation back to target.