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

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.