RBNZ’S ORR: INFLATION REMAINS TOO HIGH, THAT'S WHY WE'VE KEPT CASH RATE AT 5.5%
Reserve Bank of New Zealand (RBNZ) Governor Orr testified before the Finance and Expenditure Committee on Monday. Orr responded to questions on the November 2023 Financial Stability Report.
Key quotes
Inflation remains too high, that's why we've kept cash rate at 5.5%.
Q3 2023 was 5.6%.
it is concerning that the population is growing so rapidly at a time when residential construction is slowing.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.