The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Summary: After New Zealand cut rates and Australia didn't, where does that leave us? Does this policy divergence signal a race to the bottom between a proactive Reserve Bank of New Zealand and a potentially reactive Reserve Bank of Australia?