The consumers price index (CPI) rose 0.6% in the June 2019 quarter, due to higher prices for petrol & rent, Statistics NZ said today.
Statistics NZ’s migration count for the year to May shows a marginal increase over the previous year, and the net inflow down by 9-13,000 compared to 2016-17.
The Reserve Bank of Australia cut its cashrate by 25 basis points to 1% today, a repeat of its decision on 4 June.
The Reserve Bank held the official cashrate at 1.5% on Wednesday, but said it might need to go lower “over time”.
The Productivity Commission raises questions on what kind of work you might be doing – or think you might do – and presents 4 scenarios following feedback on its latest research.
Central banks’ job is to manipulate – that’s why they exist. US President Donald Trump chides others for doing their job, but has been pressing for his own central bank, the Federal Reserve, to manipulate harder.