Hawkesby backs RBNZ’s pandemic policies; says inflation will be ‘significantly’ lower in 12 months

Christian Hawkesby. (Image: NZME/Mark Mitchell)

Thu, 22 Sep 2022

Reserve Bank of New Zealand's (RBNZ) deputy governor, Christian Hawkesby, said today the outlook for inflation had become more balanced and will be lower next year. Speaking at the Financial Services Council conference, Hawkesby said falling oil prices and freight costs would help mitigate inflation. “We have growing confidence that over the course of the next 12 to 18 months, inflation will be significantly lower than it is at the moment." Hawkesby said supply chains were normalising and foreign central banks wer...

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