RBNZ’s Orr Sees More Tightening as Inflation Expectations Build

From bnnbloomberg.ca

The Reserve Bank of New Zealand has adopted an aggressive approach toward monetary tightening and expects to keep raising rates in coming quarters as it seeks to contain inflation expectations, Governor Adrian Orr said. “We’ve been acting reasonably aggressively to tighten monetary conditions,” Orr said in an International Monetary Fund Governor Talks interview published Monday in Wellington. “We’ve provided strong forward guidance that we expect to be doing more rate rises over coming quarters.” New Zealand is at the forefront of global policy tightening as central banks respond to an inflation surge ... (full story)