Interest rates: the govt's medicine might be hard to swallow

Interest rates: the govt's medicine might be hard to swallow
Some businesses are starting to accept a "higher for longer" worldview regarding interest rates. (Image: Getty)
Dileepa Fonseka
It is widely accepted that governments have little impact on the movements of markets. This is good for the current government because otherwise, the near-continuous downward slide of the S&P/NZ50 since the second week of March would look like a bad sign. By the close of business on Thursday the S&P/NZX50 had plunged to a near nine-week low, part of a downward slide it has been on since the coalition marked the end of its first 100 days. To the extent there is one cause for this doom and gloom it is likely the general det...

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