Mortgage News
RBNZ reliance on economic forecasts fundamentally flawed: Dickens
Wednesday 22nd of June 2011
This approach leads to economic activity, especially housing market activity, being more volatile than it otherwise would be, says Dickens, who used to work for the Reserve Bank, went on to be head of research at ASB Bank and who now runs his own consultancy, Strategic Risk Analysis.
It also means the incomes of retired people, who often have a sizeable portion of their wealth in interes...
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