Economics

Orr Says RBNZ to Hike at Pace to Contain Inflation Expectations

WATCH: Reserve Bank of New Zealand Governor Adrian Orr discusses monetary policy and the outlook for the economy. Source: Bloomberg

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By Kathleen Hays

May 26, 2022 at 12:42 AM UTC

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New Zealand central bank governor Adrian Orr said the bank needs to raise interest rates “at pace” to prevent inflation expectations from becoming unanchored.