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RBNZ Orr: We have our eyes firmly focused on meeting our inflation target

The governor of the Reserve Bank of New Zealand Adrian Orr said the nation is relatively well-positioned, but argued that inflation remains excessive in absolute terms and that global economic challenges are large and imminent.

Key comments

  • It is highly unlikely that we are at maximum sustainable employment if inflation is still high and variable
  • New Zealand's financial system remains well-placed to support the economy.  
  •  We have our eyes firmly focused on meeting our inflation target.

More to come...

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