Reserve Bank of New Zealand Chief economist Conway:
- As interest rates have risen, there are early indications that the economy is cooling
- The fall in house prices is expected to slow consumption
- Era of helpful tradeable inflation may have peaked
- The RBNZ underestimated the strength of tradable inflation
- China is no longer the deflationary force it once was
NZD/USD update:
![nzd usd chart 25 October 2022](https://images.forexlive.com/images/nzd%20usd%20chart%2025%20October%202022_id_3731d72a-c72c-4214-a31c-cb9291324ba1_original.jpg)