Friday: Tax cuts from July 31 may worry RBNZ

Global markets are mixed ahead of US PCE data. US bond yields slide from highs, dragging the US dollar down. New Zealand’s new Government delivers tax cuts and more borrowing, which may worry the Reserve Bank. In our bonus deep dive interview, ANZ Pacific Economist Kishti Sen explains why he believes Fiji has a three-speed economy. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/