In this week’s TV I discuss the results of my latest consumer Spending Plans Survey which show a further cutback in spending intentions. Amidst rising costs signaled by other surveys this downside risk to cash inflows and upside risk to cash outflows implies more “rationalisation” in the retail landscape lies ahead in NZ. I also discuss the potential impact of US tariffs and how uncertain things have become. In the Interest Rates section I note the implications of higher risk, mixed inflation signals from a quarterly business survey, and the latest local cash rate cut. Enjoy

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