Dawn chorus: No need for rate hikes
Subdued NZ inflation figures seen meaning low-to-zero interest rates for even longer, although P&G announces US price hikes to match rivals; Australia tears up Victoria's Belt and Road deal
TLDR: Inflation figures for Aotearoa-NZ released yesterday showed prices up just 1.5% from a year ago with few signs of any inflation breakouts beyond housing costs. Economists saw the figures signalling low-to-zero interest rates for even longer.
But there are a few glimmers of inflation overseas. Consumer products giant Proctor and Gamble announced a s…
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