The Reserve Bank says inflation's too high, but it's actually worried it could soon end up too low.

It's kept the OCR unchanged at 2.25 percent.

New Governor Anna Breman says they're not happy with headline inflation surpassing the one-to-three percent target band last quarter.

But she says underlying core-inflation is much lower, and wage growth slow.

She explained that unless the economy rebounds, they think inflation might actually fall below the target.

LISTEN ABOVE

The Reserve Bank says inflation's too high, but it's actually worried it could soon end up too low.
It's kept the OCR unchanged at 2.25 percent.
New Governor Anna Breman says they're not happy with headline inflation surpassing the one-to-three percent target band last quarter.
But she says underlying core-inflation is much lower, and wage growth slow.
She explained that unless the economy rebounds, they think inflation might actually fall below the target.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Anna Breman: new Reserve Bank Governor on the RBNZ keeping the OCR in place

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/293f40c7-0a8d-4678-8274-b3f50055250f/transcript