Chief Economist of the Reserve Bank of New Zealand (RBNZ) Paul Conway gave a speech on inflation during the early Wednesday market session, noting that inflation troubles exist on both sides of the RBNZ's policy stance.
Chief Economist of the Reserve Bank of New Zealand Paul Conway gave a speech on inflation during the early Wednesday market session, noting that inflation troubles exist on both sides of the RBNZ 's policy stance. Key highlights Inflation may be stickier in the short-term. However, inflation could fall more quickly than expected in the medium-term, as spare capacity emerges in the economy, which would help. Challenges remain to bring inflation back to RBNZ target levels.
Qs What is the Reserve Bank of New Zealand? The Reserve Bank of New Zealand is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index , falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
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