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Economics
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‘Monetary policy is working’: Conway’s view on restrictive OCR

The central bank's chief economist also çhats about impact of possible Fed cuts this year on currency.

RBNZ chief economist Paul Conway.

Key points
  • What’s at stake: Whether the RBNZ moves the OCR this year, up or down, because of inflation and the slowing economy.
  • Background: The central bank left the OCR on hold at 5.5% last week, despite some commentators expecting another hike. 
  • Key players: RBNZ, Adrian Orr, Christian Hawkesby, Paul Conway, Harbour Asset Management, Hamish Pepper, ASB, Nick Tuffley, Rabobank, Ben Picton. 

 

The Reserve Bank is by no means relaxed or in cruise mode, with "limited" tolerance for upside risks to inflation, according to its chief economist.

Paul Conway addressed pointed questions about the economy in a webinar hosted by Harbour Asset Management today.

It marks a week since the RBNZ

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Jonathan Mitchell Wed, 06 Mar 2024
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • What’s at stake: Whether the RBNZ moves the OCR this year, up or down, because of inflation and the slowing economy.
  • Background: The central bank left the OCR on hold at 5.5% last week, despite some commentators expecting another hike. 
  • Key players: RBNZ, Adrian Orr, Christian Hawkesby, Paul Conway, Harbour Asset Management, Hamish Pepper, ASB, Nick Tuffley, Rabobank, Ben Picton. 

 

‘Monetary policy is working’: Conway’s view on restrictive OCR
Economics,
103060
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