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Monetary Policy Statement
The Monetary Policy Committee discussed recent developments in the New Zealand economy. The Committee agreed that monetary conditions are restricting spending and reducing inflationary pressure. Supply constraints in the economy continue to ease and demand growth is slowing, but to a lesser extent than expected. Inflation remains too high and inflationary pressures continue to emerge. Further slowing in spending growth is needed to reduce demand toward the economy’s ability to supply goods and services, to ensure that consumer price inflation returns to its target range. Global economic growth remains below trend ... (full story)
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RBNZ: INTEREST RATES ARE RESTRICTING SPENDING IN THE ECONOMY AND CONSUMER PRICE INFLATION IS DECLINING, AS IS NECESSARY TO MEET THE COMMITTEE'S REMIT.
— First Squawk (@FirstSquawk) November 29, 2023
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RBNZ: HOWEVER, INFLATION REMAINS TOO HIGH, AND THE COMMITTEE REMAINS WARY OF ONGOING INFLATIONARY PRESSURES
— First Squawk (@FirstSquawk) November 29, 2023