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

What now for RBNZ govt appointment
Finance

What now for RBNZ govt appointment

The aftermath of RBNZ chair Quigley's resignation. 

Dileepa Fonseka 29 Aug 2025
BNZ unfazed by surcharge ban amid Payap push
Finance

BNZ unfazed by surcharge ban amid Payap push

BNZ says its 'Swerve the surcharge' ads were planned ahead of the ban.

Gregor Thompson 26 Aug 2025
ComCom taking Westpac to court over CCCFA breach
Finance

ComCom taking Westpac to court over CCCFA breach

More than 14,000 Westpac customers affected by CCCFA breach, ComCom said.

Garth Bray 25 Aug 2025