In the event, it reported CPI inflation running at 6.0%, the rate markets were expecting and down from 6.4% in January. Despite easing inflation pressures, their retail impulse can't keep up with retail inflation, so retail volumes keep sliding. As we noted yesterday, we are keeping an eye on global investment bank Credit Suisse whose share price has fallen sharply. The bank said overnight that withdrawals had continued into this month, even after it started a huge campaign to win back client confidence. The bitcoin price is much higher again today and is now at US$25,668 and up another +7.0% from this time yesterday.

Source: New Zealand Herald March 14, 2023 20:17 UTC