RBNZ GOVERNOR ORR: STILL MORE WORK TO DO TO GET INFLATION TO TARGET
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr hit newswires early Friday in the Antipodean session while delivering a speech titled "The Monetary Policy Remit and 2% Inflation" at the New Zealand Economics Forum in Hamilton, NZ.
Key highlights:
The RBNZ has more work to do to get inflation expectations anchored to the 2% target.
Governor Orr specifically refused to discuss rate targets.
Non-tradable inflation is moving in the right direction, albeit slowly.
Bringing core inflation down to within the 1.-2% target band is an important part of bringing overall inflation down to 2% target.
Governor Orr: RBNZ needs to maintain a flexible approach to inflation targeting with a medium-term focus.
The 2% inflation midpoint target remains appropriate.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.