If you run a business, yesterday’s rate rise hits you twice. Your borrowing costs went up. Your customers have less to spend.
If you have a house mortgage, or want to buy one, the one hit just makes it harder.
The Reserve Bank has just one blunt lever: hiking interest rates to bring inflation down.
The other lever is productivity, which belongs to governments, businesses, and the rest of us.
Too complex? Less so if you listen to Matt Vickers, economist and financial adviser…
#crisiscommunications #reputationmanagement #constantlearning
