Alan 'King Canute' Bollard tries to talk down long term interest rates
2nd Apr 09, 7:03am
by
Bernard Hickey looks at the comments by Reserve Bank Governor Alan Bollard on Wednesday, where he said he was concerned about an "unwarranted" jump in long term wholesale interest rates. Bernard says Bollard may be wasting his time. Perhaps New Zealand Inc and Bollard should embrace higher long term interest rates as a necessary signal to save more, consume less and invest more.
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