Wheeler aims to get NZ inflation back to target within a year

Graeme Wheeler, RBNZ

The Reserve Bank of New Zealand (RBNZ) is aiming to return inflation to around 2% in "about nine to 12 months' time" according to governor Graeme Wheeler, who today (July 29) reiterated the likelihood of additional interest rate cuts in coming months.

Headline inflation is currently 0.3%, while the RBNZ expects it to return to the midpoint of its 1–3% target band in "early 2016". Wheeler today described this as "an appropriate speed of adjustment". 

He warned that attempting to return inflation

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: