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RBNZ Enhances Inflation Strategy Amid Rising Concerns

9/29/2025

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Summary

Story summary

The Reserve Bank of New Zealand (RBNZ) has strengthened its inflation response, according to chief economist Paul Conway.
The Monetary Policy Committee (MPC) has deepened its understanding of inflation dynamics and monitoring.
Critics say post-pandemic looseness left inflation above the 1-3% target.
Forecasting accuracy has improved since November 2022, with banks ready for a negative OCR and a 2027 review.

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Story summary

The Reserve Bank of New Zealand (RBNZ) has strengthened its inflation response, according to chief economist Paul Conway.
The Monetary Policy Committee (MPC) has deepened its understanding of inflation dynamics and monitoring.
Critics say post-pandemic looseness left inflation above the 1-3% target.
Forecasting accuracy has improved since November 2022, with banks ready for a negative OCR and a 2027 review.