RBNZ Governor Breman notes that although central bank remains forward focus, monetary policy will adapt based on new information instead of following a predetermined path

Says:

• Path back to 2% inflation has been bumpy, but expects inflation to be within the target range in Q1.
• Central bank is confident inflation will return to 2% midpoint over the next 12 months.
• NZD is not too far from fair value right now.