Selasa, 31 Mei 2022

The NZ Reserve Bank is now in panic mode....

After keeping interest rates so low and launching a $ 53 billion quantitative easing program, [NZ Reserve] is in a panic. They pressurize lenders to buy [and borrow] homes at inflated prices. Debt, closing their eyes in 2008, they agreed to the target and did not learn from the financial crisis.
"RBNZ has been praised around the world for being an unusual New Zealand He was the driving force behind inflation. We have become the gold standard of financial trust.
"It simply came to our notice then.
Robert McCulch , professor of economics at Auckland Union

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