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A canary in a coal mine: non-tradeables inflation
The sharp increase in non-tradeables inflation worries me because it is the canary in the coal mine for the inflationary mindset that is becoming engrained in business decision-making.
The sharp increase in non-tradeables inflation worries me because it is the canary in the coal mine for the inflationary mindset that is becoming engrained in business decision-making.
With borders reopening, it is interesting to take a look at whether early signs are pointing towards New Zealand gaining or losing residents and short-term visitors? The answer to date is that the signs are not yet clear.
It was a pleasure to record a podcast with Andy Thompson last week. In a wide-ranging discussion we focused on inflation and the potential implications for interest rates within New Zealand.
New Zealand's Māori businesses are doing an incredible job on the world stage. Exports by businesses owned by Māori authorities rose 21% in 2021 to total $872 million.
The Reserve Bank decides on Wednesday what it wants to do to interest rates. This means that economists are beginning to dust their crystal balls, brush off the tarot cards, and meet up to argue over craft beers in back alleys as to what the Bank will do.