Skip to main content

"Chief Economist Paul Conway on How New Zealand Can Achieve Low Inflation Once Again"


...(read more)



LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
New Zealand has had a long-standing reputation for its low and stable inflation levels. However, recent years have seen inflation rise higher than the country’s central bank target range of 1 to 3 percent, with a recent peak of 3.3 percent in the June 2021 quarter. In light of this, Chief Economist Paul Conway outlines the path back to low inflation in New Zealand. Conway believes that the recent inflation spike is largely due to temporary factors such as global supply chain disruptions and higher oil prices. These factors have led to increased costs for businesses, which have subsequently been passed on to consumers in the form of higher prices. In order to bring inflation back down to the target range, Conway suggests that the Reserve Bank of New Zealand (RBNZ) should maintain its current monetary policy stance. This includes keeping the official cash rate (OCR) at the record low of 0.25 percent and maintaining the Large Scale Asset Purchase (LSAP) program. Conway also highlights the importance of ongoing wage growth moderation. While wages have increased in recent years, they have not kept pace with rising inflation. Moderation in wage growth can help to alleviate cost pressures for businesses, which in turn can help to ease inflationary pressures. In addition to these measures, Conway suggests that policymakers should address supply-side issues such as labor market constraints and regulatory inefficiencies. Addressing these issues can increase the economy’s potential output, which can help to ease inflationary pressures in the long run. Conway acknowledges that bringing inflation back down to the target range will not be an easy task, but he believes that with careful management of monetary policy and ongoing structural reform, it is achievable. Overall, Conway’s approach to reducing inflation in New Zealand involves a combination of short-term policy measures and long-term structural reform. It is hoped that this approach will help to bring inflation back down to the target range and maintain New Zealand’s reputation for low and stable inflation levels. https://inflationprotection.org/chief-economist-paul-conway-on-how-new-zealand-can-achieve-low-inflation-once-again/?feed_id=93164&_unique_id=644f5b9a2c844 #Inflation #Retirement #GoldIRA #Wealth #Investing #InvestDuringInflation

Comments

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'