Wheeler says further easing may be needed as RBNZ holds
Mixed picture with dairy export prices improving but exchange rate still high
Further monetary policy easing "may be required" in New Zealand, to ensure inflation, now 0.4%, settles within the central bank's target range of 1–3%, governor Graeme Wheeler said today (April 28).
The Reserve Bank of New Zealand held its policy rate at 2.25% today, having cut it by 25 basis points in March. Wheeler, announcing the decision, noted global volatility had "eased" in recent weeks, while dairy export prices had "improved slightly", but remained below break even levels for most
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- Schnabel: ECB could replace central forecast scenario