Kiwi Attacked By Hawks
Central bankers are getting increasingly hawkish.
Some higher inflation for the first time in a decade and it's blind panic, time to withdraw support immediately, any delay could be catastrophic! Â
How inflationistas see the world pic.twitter.com/1XhwXzenea
— Tim (@VolaTim) June 10, 2021
Let's start in New Zealand.
After the RBNZ cut their QE program earlier this week, the NZ CPI came in 🔥 at 1.3% QoQ (way above the 0.6% the RBNZ had forecast) and at 3.3% YoY.
Inflation is running at the highest pace in a decade.
Markets are pricing the cash rate above
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