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- RBNZ's Orr: Core inflation is too high, expectations elevated
RBNZ's Orr: Core inflation is too high, expectations elevated
The Reserve Bank of New Zealand's governor, Adrian Orr has said that core inflation is too high and that expectations are elevated.
The top central banker is speaking at the Finance and Expenditure Committee on points related to the February Monetary Policy Statement.
Key notes
- Rebuild activity may add to inflationary pressure.
- Monetary conditions need to tighten further.
More to come...
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