Roosting chorus: Interest free for longer
As promised, the first Labour-only Cabinet under MMP doubles the length of interest-free loans for small businesses and extends the scheme until the end of 2023; How about QE for the people instead?
The TLDR version: Jacinda Ardern has started as she signalled: cautiously. The first Labour-only Cabinet under MMP did the small thing it promised in its manifesto in its first Cabinet meeting.
Watch out on Wednesday for the Reserve Bank to stay the course too with its ‘QE for the Rich’ policy of pumping up house prices to improve the confidence and spe…
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