'Reasonably aggressive' rate hikes to squeeze inflation, Orr says

'Reasonably aggressive' rate hikes to squeeze inflation, Orr says
Orr was interviewed for the IMF’s Spring Meetings by Anne-Marie Gulde-Wolf, the acting director of the IMF’s Asia and Pacific Department. (Image: screenshot)
Rebecca Howard
Reserve Bank of New Zealand governor Adrian Orr says the central bank won't hold back in putting the squeeze on inflation. “What are we doing? We are in a tightening phase of monetary policy,” he said in a recorded interview with the International Monetary Fund (IMF).The central bank lifted the official cash rate by 50 basis points to 1.5% last Wednesday, with data this week expected to show the annual pace of inflation accelerating past 7% in the March quarter.The Reserve Bank of NZ (RBNZ) is mandated with keeping annual i...

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