The push-me-pull-you central bank | interest.co.nz - Interest.co.nz

Bernard Hickey asks why the Reserve Bank is still encouraging banks to lend cheaply and subsidising their profits at the same time as trying to slow the economy?

The Reserve Banks well-telegraphed 50 basis point hike in its Official Cash Rate to 2.5% this week was promoted clearly as another 'resolute' move to take inflationary heat out of the economy. So wh… [+4150 chars]

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