Its not like settings are in anyway "tight" at the moment and it is in no ones interest for inflation to get out of control. Hopefully RBNZ will get on with its job of properly managing monetary policy to control inflation.
Printable View
happy to see OCR go above 1.5% my money needs to work harder than me for a change ;)
Futures back to negative.
Yesterdays increase was bizarre given that both interest rates are increasing and further mutations are likely to come (even if there isn't a lockdown).
Moderna chief predicts existing vaccines will struggle with Omicron
Stéphane Bancel foresees ‘material drop’ in current jabs’ effectiveness, sending stocks and oil prices lower
Satya Nadella selling his M$ shares.
heres the two main news events causing market weakness
Financial markets fell sharply on Tuesday after the head of drugmaker Moderna said existing COVID-19 vaccines would be less effective against the new Omicron variant
https://www.reuters.com/world/asia-pacific/hong-kong-expands-travel-curbs-omicron-fears-australia-reports-5-cases-2021-11-30/?
utm_source=Sailthru&utm_medium=email&utm_term=The% 20Reuters%20Daily%20Briefing&utm_content=30-11-21&utm_campaign=30-11-21
Major averages dropped to their session lows after Federal Reserve Chairman Jerome Powell said the central bank will discuss speeding up the bond-buying taper at its December meeting
https://www.cnbc.com/2021/11/29/stoc...lose-news.html
might have to review my santa rally view , maybe oct was it ? might be a more volatile dec now and a uncertain 2022 for markets
Actually he had the courage to speak what he thought to be perfectly logical thing ...He is quoting his top scientists about what is most likely case ...as MRNA Vaccines target spike proteins so any substantial mutation there will most likely reduce there efficacy ...how much will be determined in labs but experts after seeing the new mutation can safely assume it will be substantial