The IMF is preaching to the choir with it urging the RBNZ to jack up the cash rate.
- said the RBNZ had to undertake “swift policy normalisation”
- and thus to signal that addressing inflation is a priority
Has the IMF even been paying attention to the moves already afoot by the RBNZ? Sheesh.
More from the IMF:
- said fiscal policy should “remain agile”
- said the Government should not provide fuel excise duty and user charger cuts beyond the three months already committed to
- suggested more targeted govt spending rather than fuel tax cuts
NZD/USD update:
