RBNZ chief economist conway: Inflation is high and widespread because strong demand outstripped supply RBNZ CentralBanks NZDUSD
were clearly in the contractionary territory and causing a welcome slowdown in demand in the economy, though it was not yet clear that inflation expectations were under control, as Reuters reported.
Reuters noted that he said that it was unclear whether inflation expectations were falling fast enough to mean current and projected rate setting were high enough to be disinflationary.The NZ Dollar flew to a fresh high for the month at 0.6282 and was up from a low of 0.6171 on the back of a dovish Federal Reserve on Wednesday. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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