New Zealand's finance minister Grant Robertson said on Tuesday that inflation is likely to moderate but it won't be a quick drop back to the levels that people are used to seeing. "The global economy is a tough place to be at the moment. "This is a difficult period, but we are looking to see inflation start to trend down from this quarter onwards."
New Zealand Central Bank Governor Adrian Orr on Tuesday said the central bank still had some work to do but the tightening cycle was already very mature.
New Zealand Central Bank Governor Adrian Orr on Tuesday said that the central bank still had some work to do but the tightening cycle was already very mature. The Reserve Bank of New Zealand last month delivered its seventh straight interest rate hike, taking the benchmark rate to 3.0%.
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