OtherIMPORTANT
RBNZ chief economist Conway says inflation is too high in New Zealand and the MPC agrees further rate hikes are needed
ORIGINAL · NewsquawkRBNZ chief economist Conway says inflation is too high in New Zealand and the MPC agrees further rate hikes are neededRead originalHide original
Says: Pockets of weakness remain in the domestic economy. There is clear excess capacity in the labour market. Risk is that cost shocks become broader inflation pressures.
StockNow breaking-news AI analysis
Conway said New Zealand inflation is too high and the MPC agrees further rate hikes are needed, while noting domestic weakness, labour-market excess capacity and risks from cost shocks.
News detail
Says: Pockets of weakness remain in the domestic economy. There is clear excess capacity in the labour market. Risk is that cost shocks become broader inflation pressures.
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.