RBNZ's Orr: There are capacity pressures everywhere in the country

Author: Adam Button | Category: Central Banks

Comments from the RBNZ leader

RBNZ's Orr
The RBNZ hiked rates by 25 basis points today. There was some talk of a 50 bps hike and the kiwi initially dipped and remains the weakest G10 currency.

The statement said immediate relative price shocks risk generating more generalised price rises. 

  • Economy is running above its potential, rate hikes will slow the desire to buy houses

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