Tame Budget no red flag for inflation: RBNZ’s Conway
A July OCR rate hike is a ‘live’ option as hopes build for reopening of Strait of Hormuz.
WATCH: RBNZ chief economist Paul Conway speaks with Jonathan Mitchell.
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The Reserve Bank is comfortable that it can contain inflation pressures and a rate hike as soon as July is a “live” option, chief economist Paul Conway says.
Last week , the central bank held the official cash rate at 2.25% after a split vote. Governor Anna Breman said rate hikes were possible
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