Economic calendar in Asia for Wednesday, 17 April 2024 - New Zealand inflation data ...Middle East

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Economic calendar in Asia for Wednesday, 17 April 2024 - New Zealand inflation data
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New Zealand inflation data is expected to stay sticky high, above target. And thus the Reserve Bank of New Zealand cash rate is too. Central banks don't have a lot of policy tools apart from rates, so that's what they'll use (lookin' at you FOMC). I've seen plenty of arguments from chaps on the internet saying that high inflation is caused by things central banks can't control, like supply chain disruption, high oil prices, and what have you, and that's what the central bank won't hike/will cut. What they don't realise is that central banks fully understand this (they ain't the sharpest tools in the shed, but they ain't dummies either), but they do understand that higher rates will sap deman

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