The Australian economy is proving resilient, with high demand for goods and services, no anticipation of imminent interest rate cuts, and Aussies feeling more optimistic about their jobs and property market than Kiwis. Meanwhile two of the world’s biggest economies – the US and China – have started cutting interest rates, yet the Reserve Bank of Australia remains firmly on hold.
In this interview, filmed in Milford’s Auckland office, Milford Portfolio Manager Katlyn Parker provides Kiwi insight into the reasons for differences in the two economies.
