RBNZ’s Breman: Growth to be slightly slower but still expected this year
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Thursday that she anticipates slightly elevated near-term inflation, adding that growth to be slightly slower but still expected this year.
Key quotes
New Zealand house prices expected to stay flat, rise slightly over time.
Anticipate slightly elevated near-term inflation.
Growth to be slightly slower but still expected this year.
Banking system shows minimal stress despite global uncertainties.
Market reaction
At the press time, the NZD/USD pair is up 1.22% on the day to trade at 0.5955.
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