Very confident Committee leading indicators show inflation back on target

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr commented on the bank’s inflation outlook during his speech on Friday.

Orr said: “The committee took a very strong level of confidence that forward indicators showed that low and stable inflation is back between 1% and 3%.”

“I want to see inflationary expectations, pricing intentions continue to remain anchored,” the governor added.