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NZ has an inferiority complex and so must do things harder and...

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Young gun 93

199 Posts.

15

09/04/23

21:21

Post #: 67200217
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Originally posted by Bik: ↑

Considering Australia has very similar inflation levels to New Zealand, how is it that this week the RBA paused rates at 3.6% while New Zealand raised rates by 50 basis points to 5.25%.

Could part of the reason be that Australia focuses on high house prices at all costs?

So far, New Zealand has scrapped negative gearing, banned foreign ownership, and gone super hard on inflation even though they expect a recession and house prices to drop at least 20%.

So which central bank is making the right decision here?

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NZ has an inferiority complex and so must do things harder and more aggressively than its pairs.
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