ANALYSIS: Markets' steep learning curve on RBNZ decision-making

Tue, 26 Nov 2019

One of the things financial markets got wrong about the Reserve Bank's latest monetary policy decision was how much weight the central bank puts on its own survey of inflation expectations."Historically, we used to place a lot of weight on the two-year measure but we haven't done that for a long time," Reserve Bank chief economist Yuong Ha told BusinessDesk after the decision.The RBNZ now believes no one measure gives it sufficient information so it considers a wide range of measures and surveys, including the ANZ Bank and New Zealand Institute...

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