Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is speaking on the policy outlook at a press conference following the announcement of the monetary policy decision on Wednesday.
Reserve Bank of New Zealand’s Governor Adrian Orr is speaking on the policy outlook at a press conference following the announcement of the monetary policy decision on Wednesday. Orr is responding to questions from the press. Key quotes Expect inflation to fall back into target band by end 2024. Will take time for domestic inflation to decline. Economy has lower potential growth rate, unsure if that is temporary. Have limited upside room for inflation surprises.
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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