The Reserve Bank of New Zealand (RBNZ) Governor Orr said on Thursday that the central bank can start to ease before inflation hits 2%, per Bloomberg.
The Reserve Bank of New Zealand Governor Orr said on Thursday that the central bank can start to ease before inflation hits 2%, per Bloomberg. Key quotes Avoiding the risk of inflation expectations blowout. Patience on inflation not exhausted. Policywill not hinge on any single piece of data. Can begin easing measures before inflation reaches 2%. Market reaction The NZD/USD pair is trading higher by 0.04% on the day to trade at 0.6099, as of writing.
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.
Centralbanks Newzealand Macroeconomics
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