RBNZ Governor Breman says inflation may have already peaked
Reserve Bank of NZ Gov Breman:
- Inflation may have already peaked
- Seeing economy rebounding now as oil prices fall
- Gradually moving rates toward neutral
- Neutral rate is uncertain, range is 2.5% to 3.5%
- Feeling our way on policy to find where neutral is
Earlier:
- RBNZ lifts OCR to 2.50% and flags more hikes as inflation risks linger
- NZD has jumped after the RBNZ rate hike and indication that further rate risers are ahead
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