Why monetary policy is like a bad hotel shower

Larry Summers likens monetary policy's impact to a bad hotel shower. (Image: Getty)

Sat, 22 Oct 2022

Global investment bank and financial services company Citi has a significant presence down under, certainly in Australia, although to a much lesser extent here in New Zealand. It has operations in 160 countries, employs more than 200,000 people, administers a staggering US$23,000 billion (NZ$40,622b) in client assets and had a market capitalisation of US$85b the last time I looked. So, it’s no surprise then that when Citi hosts its flagship annual investment conference in Sydney – which it did last week – it can at...

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