Reserve Bank of New Zealand (RBNZ) deputy governor Karen Silk noted early on Wednesday that the RBNZ is increasingly confident it will achieve its inflation target with its current monetary policy strategy, although perhaps not as quickly as many would like.
The most essential information
Confidence that inflation will return to the target average level of 2% in the medium term.
Assessment and management of inflation in conditions of economic risk.
Monetary policy supporting inflation targets.
The RBNZ committee is gaining confidence in the effectiveness of monetary policy.
Bank financing spreads increased year by year.
