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RBNZ Dep Gov Hawkesby: Cutting interest rates is not part of near term discussion
Reserve Bank of New Zealand Deputy Governor Hawkesby: • While near-term inflation risks are to upside, confident medium-term inflation is returning to target. • No single data point will cause rate hike, watching domestic inflation pressures, expectations. • Cutting interest rates is not part of near-term discussion. • A lot of uncertainty about tradable inflation going forward. Hawkesby making patient comments on the interest rate path ahead for the RBNZ. Cuts are coming, just not soon.
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- Posted: May 23, 2024 10:05pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,341
