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Overheated’ New Zealand economy smashes RBNZ’s inflation target – The Australian Financial Review
Rates market responded predictably to New Zealand’s hot inflation report, extending some of that hawkishness to the RBA too.
Housing and household utilities were the biggest contributor, a category which includes the rising cost of home ownership. The median home in New Zealand is up 28.7 per cent in price terms over the 12 months to June, according to REINZ data.
But even excluding…
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