Financial markets have been extremely turbulent, with particularly volatile trading in the foreign exchange market and some equity markets. Where is the world economy going, and how will New Zealand be affected? It is always risky being too definitive in answer to questions of this kind, because in reality nobody can know the answers with any confidence.
One view was that this is not strictly a trilemma as there is no theory which says that we cannot simultaneously obtain price stability, financial stability and sovereign debt sustainability.