Reserve Bank 'jawboning' must continue

Reserve Bank 'jawboning' must continue
Reserve Bank of New Zealand chief economist Paul Conway. (Image: NZME)
Warren Couillault
The past few weeks have been all about the global banking system and bank failures, with Credit Suisse's collapse the most spectacular. Having said that, fears about German colossus Deutsche Bank could negate the final part of that sentence. We’ve also had a few months now of slowing economies, including a surprising contraction here in NZ in the past quarter. Everywhere, we're starting to see layoffs as last year's sharp interest rate increases start to bite, including at global giants like Amazon, Microsoft and Met...

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