RBNZ Governor Breman says higher near term inflation and weaker growth is somewhat expected, still expect growth this year

RBNZ Governor Breman's comments indicate a hawkish concern regarding higher near-term inflation paired with weaker growth, reflecting a nuanced view of the economy. This could signal a more aggressive stance on monetary policy, potentially affecting interest rate expectations and the NZD. Additionally, the acknowledgment of expected growth this year suggests that while inflation is a concern, the RBNZ may still maintain a supportive approach for the broader economy.