As stock markets fluctuate wildly in speculation, the emergence of Omicron underlines the challenge the Reserve Bank will face now. READ MORE:* Why the Reserve Bank isn't spineless and birdbrained* Reserve Bank forecasts point to 'near recession' from second half of next year* Why are deposit rates so low when home loan rates are rising so fast? * Covid-19: Omicron variant shows pandemic is not over, everyone should be 'wide awake' to threat, WHO boss says* Like Delta, will the markets ultimately also take Omicron in their stride? He cautions the Reserve Bank against acting too aggressively, too quickly, in the year ahead, in case the “economy softens later”. “I said this before Omicron, but Omicron makes it more obvious.

Source: Stuff December 02, 2021 02:27 UTC