NZ dollar gets inflation boost
The New Zealand dollar rose to a 10-week high after data showed inflation was back in the central bank's target range.
The New Zealand dollar rose to a 10-week high after data showed inflation was back in the central bank's target range.
As inflation returns, fissures underlying the euro zone economy will prevent the central bank from reacting in the usual way.
The forward-looking policy path may not be as secure and smooth as market pricing would suggest.
Despite rising prices, some relief is coming on the affordability front.
Mario Draghi called on Germany to be calm as the European Central Bank keeps pumping stimulus into the euro area.
Even in the US, where rates have begun to rise from record lows, policy is a long way from normality, says a key Trump aide.
Federal Reserve chair Janet Yellen says it 'makes sense' to gradually lift interest rates as US inflation heads toward 2pc.
Reading the future is hard, but it is fair to predict Trump will make covering the markets or the financial sector frustrating
Mortgage rates are set to rise for both fixed and variable rate borrowers in 2017 as funding costs rise and capital rules bite.
Mark Carney has signalled that the BoE will be more hawkish on inflation as a result of a hard Brexit
Anyone who thinks interest rates will stay down because conservatives now run Washington should read a history book.
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