IMAGE
Hawkey, Allan Charles, 1941- :Inflation. 19 April 2011
- Date
- 2011
- By
- Waikato Times (Newspaper)
- Reference
- DCDL-0017587
- Description
An elephant that represents 'Inflation' marches towards a little kiwi which shouts 'Stop!'. Context - Last month, the Reserve Bank of New Zealand (RBNZ) cut the official cash rate (OCR) by 50 basis points to 2.50 percent, matching its record low, to reduce the impact of the Feb. 22 earthquake which crippled the country's second-biggest city. The RBNZ governor Alan Bollard said the outlook for the domestic economy remained very uncertain, with higher oil prices and elevated local currency dampening economic activity. Underlying inflation pressures appear contained, as the first-quarter jump in the annual inflation rate to a 2-1/2-year high was largely driven by a rise in fuel prices and sales tax, giving the central bank plenty of leeway on policy. (Reuters 28 April)
Quantity: 1 digital cartoon(s).
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- Part of
- Hawkey, Allan Charles, 1941- :[Digital cartoons published in the Waikato Times].
- Format
- 1 digital cartoon(s), Works of art, Digital images, Cartoons (Commentary)
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Waikato Times (Newspaper). Hawkey, Allan Charles, 1941- :Inflation. 19 April 2011. Hawkey, Allan Charles, 1941- :[Digital cartoons published in the Waikato Times].. Ref: DCDL-0017587. Alexander Turnbull Library, Wellington, New Zealand. /records/22321473More information can be found in our terms of use.