Alarm bells are ringing, but is anybody listening?

Alarm bells are ringing, but is anybody listening?
The last thing this economy – and the outlook for hot inflation – needs is more spending or stimulus. (Image: Getty)
Cameron Bagrie
Alarm bells are ringing over the latest inflation figures, with inflation stubbornly above 7% and core inflation measures rising. We are going to take bigger hits to demand and see a deeper downturn unless we suck it up and start having real conversations and instigate policies to boost supply. That's going to require political ideology to be parked.The market response has been brutal, because investors expect the Reserve Bank of New Zealand will lift the Official Cash Rate (OCR) further and faster. A 75-basis points rise in the OCR is...

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