In RBNZ’s Survey of Expectations, businesses expect interest rate to rise 65bps to 4.15% a quarter ahead. In a year’s time, they saw interest rates rose further to 4.67%. Mean one-year ahead GDP growth decreased from prior survey’s 1.49% to 1.27%. One year ahead inflation expectations rose from 4.86% in last quarter to 5.08%. Two […]
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Goldman Sachs just made it official: The pain at the pump is not going away anytime soon. The bank now expects Brent crude to average above $100 a barrel in March and $85 in April, Read more…
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