- RBNZ’s Conway: If inflation expectations don't fall, will have to do more on interest rates
Market news
23 March 2023
RBNZ’s Conway: If inflation expectations don't fall, will have to do more on interest rates
Following a keynote address about inflation earlier this Thursday, Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway is now addressing the Q&A session.
Key quotes
Monetary policy is definitely having an effect.
Forecasting the economy is very challenging right now.
Confident that the banks that we regulate here in New Zealand are sound.
If inflation expectations don't fall, will have to do more on interest rates.
Market reaction
The latest hawkish comments from the RBNZ official is helping NZD/USD regain its upside traction. The pair is trading 0.40% higher on the day at 0.6245, at the time of writing.
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