Re:New Zealand plunges into recessionary spiral
by rr888 on Friday November 04, 2022 @05:25PM
(#33473991)
> "yea, that's how it is here."
Its also how it is in the UK and most other countries. There is a benefit that the central bank can control the economy much better. When the fed raises rates most people dont directly notice, where with floating rates the majority of households have less money every month straight away.
Its also how it is in the UK and most other countries. There is a benefit that the central bank can control the economy much better. When the fed raises rates most people dont directly notice, where with floating rates the majority of households have less money every month straight away.