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

• 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.

Governor Breman of the RBNZ emphasizes a flexible approach to monetary policy, indicating that decisions will adapt to incoming data rather than follow a strict trajectory. This suggests the central bank is cautiously optimistic about inflation returning to target soon, which could impact market expectations for interest rates and the NZD moving forward.