- Analytics
- News and Tools
- Market News
- RBNZ’s Orr: Inflation is still too high but is falling
RBNZ’s Orr: Inflation is still too high but is falling
The Reserve Bank of New Zealand (RBNZ) Governor Orr said on Friday that inflation in New Zealand is still too high, but is falling. Orr further stated that the central bank expects to begin normalizing policy in 2025.
Key quotes
“The economy is evolving as anticipated.”
“Inflation expectations have fallen.”
“Inflation is still too high but is falling.”
“Monetary policy needs to stay restrictive for some time.”
“Expects to begin normalizing policy in 2025.”
“Expect economic growth to begin picking up in 2024.”
Market reaction
The NZD/USD pair is trading lower by 0.03% on the day to trade at 0.6086, as of writing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
