RBNZ Governor Orr
- A flexible approach to inflation targeting, with a medium-term focus remains appropriate
- Bringing levels of core inflation in line with our 1 to 3% target is an important part of bringing inflation back to 2% midpoint
- Removal of the MSE objective does not mean any big changes to our monetary policy strategy
There's not much to digest here but note that the NZD has been particularly strong this week.
More:
- We have got more work to do to get inflation anchored to 2%
