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New Zealand central bank says policy needs to stay restrictive for some time

SYDNEY (Reuters) - Interest rates in New Zealand need to stay restrictive for some time to ensure inflation expectations become fully anchored again, a top central banker said on Friday, while emphasising they were not in a "mindset" to consider cu. ....

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New Zealand central bank says policy needs to stay restrictive for some time

Interest rates in New
Zealand need to stay restrictive for some time to ensure
inflation expectations become fully anchored again, a top
central banker said on Friday, while emphasising they were.
-February 29, 2024 at 05:00 pm EST
- MarketScreener ....

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New Zealand central bank says policy needs to stay restrictive for some time

New Zealand central bank says policy needs to stay restrictive for some time
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New Zealand central bank says policy needs to stay restrictive for some time

CHRISTCHURCH (Reuters) -Interest rates in New Zealand need to stay restrictive for some time to ensure inflation expectations become fully anchored again, a top central banker said on Friday, while emphasising they were not in a "mindset" to consider cutting. In an interview with Reuters, Reserve Bank of New Zealand Deputy Governor Christian Hawkesby said inflation was on the path toward the centre of its 1% to 3% target band, but the central bank had to stay the course to be sure. "We need to have confidence that inflation expectations and core inflation are all anchored back to that 2%," said Hawkesby. ....

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NZD traders heads up: RBNZ Deputy Governor Hawkesby will give be speaking over the weekend

NZD traders heads up: RBNZ Deputy Governor Hawkesby will give be speaking over the weekend
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