RBNZ Governor Breman says OCR trajectory is aligned with the anticipated evolution of the economy, adds OCR track indicates there is a possibility of a hike towards the end of the year but noted Q4 hike is not fully priced in to the OCR track
Importance
Level 1
Says:
- Want to keep OCR on hold while the economy recovers.
- Not planning to hike until we see a stronger economy and more inflationary pressure.
- Expects to continue to shrink the balance sheet.
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