Yeah if CPI stays high then RBNZ only have one mandate!!
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Yeah if CPI stays high then RBNZ only have one mandate!!
Watch for the trimmed mean CPI ....RB uses a version of that
Usually higher than headline CPI
So tractor sales are the lowest for a month since February 2001.
Times are still tough down on the farm.
I haven't read any stats around the Field days sales this year.
add's to the very negative economic data yest.
service pmi lowest since GFC
house inventory and prices :scared:
card spending declined again + i imagine employment layoff's are probably getting started now which will show up in data late this yr which just compound the other things :scared:
china data yest was grim wont help farmers :scared: