Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Thursday that she anticipates slightly elevated near-term inflation, adding that growth to be slightly slower but still expected this year.
Key quotes
- New Zealand house prices expected to stay flat, rise slightly over time.
- Anticipate slightly elevated near-term inflation.
- Growth to be slightly slower but still expected this year.
- Banking system shows minimal stress despite global uncertainties.
Market reaction
At the press time, the NZD/USD pair is up 1.22% on the day to trade at 0.5955.
