Reserve Bank of New Zealand Assistant Governor Christian Hawkesby in an interview

  • sees household consumption gains boosting growth in 2h
  • expect labour market to soften, low rates will support
  • RBNZhas 'genuine neutral bias' on interest rates
  • comfortable using full 1-3% inflation range
  • inflation above 2% 'would be healthy'
  • rates on hold at record low for a long time

Headlines via Bloomberg

mtc