Interest Rate Update

Declining Housing MarketReserve Bank Board meetings will be pretty dull over the course of 2017 as all indicators are pointing to stable interest rates over the rest of the year. look at this comment from 10 months ago by the then Governor Glen Stevens,

“Recent data confirm that inflation remains quite low. Given very subdued growth in labour costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time.”

Looks like there might be plenty of cutting and pasting of past transcripts for future releases. The problem is that wages growth is so low, and trending lower in fact, that price increases outside of house prices is just not going to happen any time soon.
“by Shane Clinton”

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