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RBNZ Governor Breman says gradual removal of monetary stimulus appropriate to return inflation to target while still supporting growth and employment
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RBNZ Governor Breman supported gradual monetary stimulus removal to balance inflation targets with growth, warning of fuel-driven inflation risks and unanchored inflation expectations without policy action.
News detail
Sees risk of more indirect inflation from fuel. There is real risk that unless we respond in monetary policy, inflation expectations will get out of hand.
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