New Zealand Central Bank Bucks Global Spend-Trend, Will ‘Manage’ Soaring Home Prices
New Zealand in the world headlines again. There is no such conversation within the country. Authored by Ruchir Sharma, op-ed via The Financial Times, Those Kiwi revolutionaries are at it again. In 1989, New Zealand’s central bank was the first to commit to a specific target for consumer price inflation, then the biggest threat to the world economy. Unions and businesses howled, saying the move would kill growth and jobs. One property developer called for a rope on which to…
