Still a 'long way' to 2% inflation – RBNZ's Conway

RBNZ chief economist Paul Conway. (Image: RBNZ)

Tue, 30 Jan 2024

Reserve Bank of New Zealand chief economist Paul Conway gave little away in a highly anticipated speech on Tuesday, but he remained quite hawkish. The market had been watching out for the speech after the Reserve Bank (RBNZ) announced that Conway would be giving a webinar, including “brief comments on domestic data developments since the November Monetary Policy Statement (MPS)”.Weaker-than-expected economic growth and lower-than-expected inflation have led to increased speculation that the central bank might move to cut rates...

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