Governor says RBNZ will tighten policy if inflation rises
Central bank holds and offers ‘uncertain’ estimate of inflation being well above target
The governor of New Zealand’s central bank said today (April 9) that it would tighten policy if core inflation increased, a day after the bank decided to hold its key rate.
Speaking to Bloomberg, Anna Breman said that if inflation began to increase over the medium term, the Reserve Bank of New Zealand (RBNZ) would act in a decisive and timely manner. “And that means rate hikes,” she added.
The timing of any hikes would depend on the impact on New Zealand’s economy from the conflict in the Middle
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