The risk profile for inflation is just too significant to ignore.
More Quotes from Cameron Bagrie:
There's not a lot of investment opportunities out there, so yield is still the default play for the market. But when the New Zealand dollar turns, it will turn aggressively, and if we don't get yield demand it will fall by a country mile.Cameron Bagrie
It is probably close to its nadir but it will improve only slowly.
Cameron Bagrie
It's a question of relative risks and Bollard is more mindful of inflation. He will be comfortable with receding growth.
Cameron Bagrie
I'm U.S. dollar bullish over the next three months, largely because the Fed will go to 4.75 percent and they'll leave the door open to 5 percent.
Cameron Bagrie
Confidence is a critical element if the economy is to maintain forward momentum. Expect growth to remain tepid but a recession to be averted.
Cameron Bagrie
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