Breakfast briefing; Fighting inflation will have a painful cost - Interest.co.nz

Powell lays out the inflation option explicitly; Japanese retail rises; China promises yet another stimulus package; German inflation tops out; Aussie retail sales impress; UST 10yr 3.10%; gold and oil soft; NZ$1 = 62.2 USc; TWI-5 = 70.4

Here's our summary of key economic events overnight that affect New Zealand, with news 'growth' is to be sacrificed to get the inflation genie back in the bottle, and the resulting pain accepted as t… [+4713 chars]

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