The Battle of the Central Bankers: RBNZ vs BIS
"rates have peaked" vs "ultra-low rates are over"; confused?
Adrian Orr
Governor, Reserve Bank of New Zealand
“interest rates have peaked and cuts are getting closer"1
Agustín Carstens
General Manager, Bank for International Settlements
"the days of ultra-low rates are over"2
It seems the central bankers’ messaging is…confused.
See also:
President Reagan on Inflation
45s of Reagan’s Address to the Nation on the Economy. February 1981 (6:28 - 7:13)
RBNZ: Future of money – central bank digital currency
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1
28 March 2024
Lower interest rates getting closer - Reserve Bank Governor Adrian Orr
https://www.rnz.co.nz/news/business/512875/lower-interest-rates-getting-closer-reserve-bank-governor-adrian-orr
4 March 2024
Global central banks will 'hang tough' on interest rates, Reserve Bank governor says
https://www.rnz.co.nz/news/business/510785/global-central-banks-will-hang-tough-on-interest-rates-reserve-bank-governor-says
2
18 March 2024
Trust and macroeconomic stability: a virtuous circle
https://www.bis.org/speeches/sp240318.htm
I was thinking about currency exchange rates. It seems to me that inflation would change exchange rates but we all want the status quo in exchange rates to balance the exporters with the importers.
So is the RB guided not by inflation targets of 1-3% per se, but rather by exchange rate targets and they'll print as much as they have to to ensure our currency devalues as fast as the US dollar.
Could this explain their recent money printing splurge.
Hey mate, as Richard Russell once said, "Inflate or Die", and as Rafi farber says, the
fiat system is what it is, and must continue until its death