RBNZ’s Orr Says Return to Jumbo Hikes Would Require Price Shock
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New Zealand’s central bank would need to see a significant upside inflation surprise to return to more aggressive interest-rate hikes, Governor Adrian Orr said.
“It would take a significant upside inflation shock from where we are” to put 75 basis-point moves back on the table, Orr told Bloomberg Television Thursday in Wellington. “The economy has been unfolding fully as expected since our November statement, so we would need a significant surprise.”