Reserve Bank of New Zealand
If medium-term inflation pressures continue to ease as projected, thecommittee expects to lower the official cash rate furtheAnnual consumers price inflation will likely increase towards the top of themonetary Policy Committee’s 1 to 3 percent target band over mid-2025.The economic outlook remains highly uncertainHowever, with spare productive capacity in the economy and declining domestic inflationpressures, headline inflation is expected to remain in the band and return toaround 2 percent by early 2026Further data on the speed ofNew Zealand’s economic recovery, the persistence of inflation, and the impactsof tariffs will influence the future path of the official cash rateHeightened global policy uncertainty Andtariffs are expected to reduce global economic growthThis will likely slow the pace of New Zealand’s economic recovery, reducing inflation pressuresRBNZ minutes:
There is no press conference after this meeting.
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