Central banks are likely to overshoot in their inflation battles

Central banks are likely to overshoot in their inflation battles
The Reserve Bank of NZ’s inflation forecasts have been drastically wrong for more than a year. (Image: iStock)
Jenny Ruth
Financial markets types globally are debating whether central banks are going to be able to engineer a “soft landing” for their economies or whether we could all be headed into a deep recession and every graduation in between.On past form, the odds favour a recession, so then the debate shifts to how mild or severe it’s likely to be.But we know that after a decade and more of inflation constantly surprising us by failing to appear, central banks and other forecasters alike were surprised at how strong and persistent post-covid...

More Finance

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024
Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024
Shareholders association opposes Geneva Finance delisting
Finance

Shareholders association opposes Geneva Finance delisting

Company says it will exceed USX governance rules.

Jem Traylen 26 Jun 2024