Escalating tensions in Red Sea may push up prices in NZ

(Image: Unsplash)

Fri, 19 Jan 2024

Escalating tensions in the Red Sea are expected to create challenges for New Zealand's agricultural sector and trade logistics, according to Rabobank.They could also drive up inflation. “Red Sea/Suez crisis, on top of the ongoing Black Sea/Ukraine crisis and the risk of others to follow, provides a fat tail risk of potential fresh waves of inflationary supply shocks for western economies and financial markets, which are currently predicting nothing but easing price pressures and large rate cuts in 2024,” RaboResearch global...

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