#nzrb — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #nzrb, aggregated by home.social.
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Do 74,000 people really have to lose their jobs to save the economy? The Reserve Bank believes that, but First Union policy analyst Edward Miller thinks otherwise.
"If your best solution is to immiserate 74,000 households in New Zealand, get a better solution."
Remember people... economists are just contemporary soothsayers who believe growth can somehow be eternal. They're speculators.
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The Reserve Bank has raised the official cash rate to 4.75% -- a jump of half a per cent.
On top of the massive costs of Cyclone Gabrielle, Adrian Orr's desire for a recession seems inevitable.
https://www.stuff.co.nz/business/131300368/reserve-bank-hikes-official-cash-rate-to-475