17 October 2018 – Monthly Review
Harbour Investment Horizon
  • Our internal Macro Research Day is a chance to re-visit the research that anchors our medium-term view.
  • Locally, we expect economic activity to moderate rather than slow sharply, and the RBNZ to remain on hold for a considerable time ahead to provide the best chance for core inflation to lift above 2%.
  • Globally, we see interest rates rising, but with monetary policy still supportive for financial markets while global inflation remains relatively low and global growth remains robust.
  • Our survey of Harbour investment staff illustrates visually how our macroeconomic views and the implications for asset classes have evolved through time.
The full article is available here.