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"New Zealand set to reveal bigger deficit in 'no frills' 2023-24 budget"

Reuters with that headline above. The budget will seek to avoid too much extra spending in order to aid the RBNZ efforts to lower inflation. The government does not want fiscal policy working against monetary policy. The government is facing a repair bill from two damagain weather events at the beginning of the year and extra spending is unavoidable., More at that Reuters link above. the budget is due Thursday. -Speaking of the RBNZ:Westpac forecasts RBNZ will raise cash rate to 6%, keep it ther... Read More
Posted: May 16 2023, 02:26
Author Name: forexlive
Views: 092192

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