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- RBNZ holds interest rate, says monetary policy will remain accommodative for a considerable period
RBNZ holds interest rate, says monetary policy will remain accommodative for a considerable period
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Sees annual CPI 1.7 pct by march 2019 (pvs 2.0 pct)
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Domestic economic growth is projected to strengthen
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NZD has firmed, assume it will ease in the period ahead
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Future headline inflation expected to tend upwards towards the midpoint of the target band
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Longer-term inflation expectations remain well anchored at around 2 percent
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Numerous uncertainties remain and monetary policy may need to adjust accordingly
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Labour market conditions continue to tighten
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GDP growth in second half is expected to strenghthen
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