- 28 August 2010
- Reaction score
I think NZ might become the leader when it comes to heading the fiscal world in the right direction.
Wouldn't be at all surprised if other countries follow suit. Just too much easy-money borrowed near 0% rates fueling a lot of mal-investments that probably needs cleansing before the next bull market.
slowly seeping into Europe too
The National Bank of Poland raised the reference rate to 0.5% from 0.1%. Wednesday's decision came as a surprise. Many experts had expected that interest rates wouldn't go up until next year because many of the reasons for the rising inflation are related to temporary shocks beyond the control of the central bank