RBNZ Sees Higher Cash Rate Ahead, Citing Inflation, Oil and Supply Chains

businessmacroeconomics 3 posts · 2 accounts

Reserve Bank of New Zealand Governor Breman said policymakers expect inflationary pressures ahead and agree the cash rate will need to move higher. He added that supply chains and oil prices are likely to have a bigger impact than what is assumed in the government budget.

Breman also said export-oriented firms are performing well, though they remain concerned about global uncertainty.

From the sources (3 posts)

@financialjuice

RBNZ's Governor Breman: Committee sees inflationary pressures going forward, agrees cash rate needs to be higher going forward.

@firstsquawk

RBNZ GOVERNOR BREMAN: POLICYMAKERS EXPECT INFLATIONARY PRESSURES AHEAD AND AGREE INTEREST RATES WILL NEED TO MOVE HIGHER; EXPORT-ORIENTED FIRMS ARE PERFORMING WELL BUT REMAIN CONCERNED ABOUT GLOBAL UNCERTAINTY

@financialjuice

RBNZ's Governor Breman: Supply chains, oil prices to have bigger impact than what's in the government budget

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