Reserve Bank of New Zealand Chief Economist Paul Conway remarks over the news wires:

  • committee did not seriously consider a 75bp interest rate rise
  • there are more 50bp interest rate rises on the way
  • New Zealand will be able to cope thanks to the strength of its labour market
  • inflation expectations have risen dramatically - this is a concern
  • the slowdown of China's economy could have implications for NZ
The Reserve Bank of New Zealand monetary policy

more to come