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26 Oct 2022
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...