• RBNZ’s Conway: If inflation expectations don't fall, will have to do more on interest rates

Notícias do Mercado

23 março 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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