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RBNZ’s Ha Says Risks Would Be to Upside Without Market Moves

  • Omicron unlikely to change picture of rising price pressures
  • Central bank deciding how best to reduce its QE bond holdings
The Reserve Bank of New Zealand (RBNZ) headquarters in Wellington.
The Reserve Bank of New Zealand (RBNZ) headquarters in Wellington.Photographer: Birgit Krippner/Bloomberg
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New Zealand’s central bank would consider risks to be pointed more in favor of faster monetary tightening had market interest rates not risen so much already, its chief economist said.

“If we were sitting here and still seeing very low interest rates, then you might say the risks are actually more on the upside,” Yuong Ha said in an interview Tuesday in Wellington. “But market pricing has moved a long way in a very short space of time.”