ONLY CHARTS #255
Real policy rates, NZ business conditions, NZ housing finance, Aus fixed-rate mortgages, Aus Q4 GDP nowcast, Aus trade prices
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1. There are several ways to gauge real central bank policy interest rates. One approach is to use quarterly annualised underlying inflation which shows Australia’s real policy rate is currently on par with that in the US and New Zealand (an expected 50bp cut by the RBNZ in February will soon change that).
2. Businesses in New Zealand remain very upbeat about the outlook for their own firm’s activity…
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