Here’s why UK investors should keep an eye on New Zealand’s fight against inflation

The Bank of England remains relaxed about inflation and is holding off raising interest rates. But things are very different on the other side of the world, says John Stepek. Here's what we can learn from New Zealand.

Jacinda Ardern
Jacinda Ardern: can New Zealand control inflation?
(Image credit: © Robert Kitchin - Pool/Getty Images))

Quick thing before I start – if you haven’t booked your ticket to MoneyWeek’s Wealth Summit yet, get in quick! Only a week to go!

Inflation in the UK hit a 30-year high yesterday, in old money (by old money, I’m referring to the inflation measure that the Bank of England used to target, RPIX, which is now rising at an annual rate of 6.1%).

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.