- Orr’s press conference following the Reserve Bank of New Zealand monetary policy decision and statement earlier today.
ICYMI – The RBNZ so far today:
Orr:
- capacity pressures in the economy are tightening still
- inflation expectations for 5 to 10 years are anchored but have risen recently
- cannot rule out 50bp rate hikes in the future, rates do need to rise signficantly
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