New Zealand’s inflation is gradually returning to the 1-3 per cent target band, prompting a reduction in the OCR to 5.25 per cent.
With economic growth below trend and declining global inflation, the Reserve Bank of New Zealand expects consumer price inflation to stay near the target mid-point.
Further easing will depend on stable expectations.
With economic growth below trend and declining global inflation, the Reserve Bank of New Zealand expects consumer price inflation to stay near the target mid-point.
Further easing will depend on stable expectations.
