RBNZ Governor Monitors Energy Cost Impact on Demand
Governor Anna Breman says the bank is tracking whether weak demand offsets rising energy prices. The RBNZ aims to return inflation to its 1% to 3% target band.
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New Zealand Governor Anna Breman said the central bank is monitoring how weaker demand offsets energy-driven price increases after holding rates at 2.25%. The decision on Wednesday follows a global energy shock that prompted warnings of faster interest rate hikes. Investors are tracking whether cautious household spending will curb inflation without triggering unnecessary economic volatility.
