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RBNZ Governor Breman says in post-meeting press conference that all members agreed on the path for rates and the difference was on timing

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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RBNZ Governor Breman says in post-meeting press conference that all members agreed on the path for rates and the difference was on timing

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Says:

  • Longer-term inflation expectations remain anchored.
  • Inflation outlook is uncertain and many possible paths for rates from here.
  • Outlines three scenarios for how monetary policy response could differ depending on oil prices, price behaviour and demand in the economy.
  • OCR increases are likely at coming meetings, depends on data.
  • Even if a Gulf conflict stops now, we still see inflation effects ahead.
  • Cannot completely rule out anything on rates.
  • Current OCR is still a little bit on the accommodative side.

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