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Reserve Bank of New Zealand Takes Cautious Rate Approach

2/20/2026

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Summary

Story summary

The Reserve Bank of New Zealand will not hastily raise rates, citing spare capacity, according to Chief Economist Paul Conway.
Paul Conway expects inflation to decrease, signaling a cautious monetary policy.
The bank aims to balance recovery with inflation management and will avoid aggressive rate changes.
He said the stance is not “trigger-happy” on rate adjustments.

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Story summary

The Reserve Bank of New Zealand will not hastily raise rates, citing spare capacity, according to Chief Economist Paul Conway.
Paul Conway expects inflation to decrease, signaling a cautious monetary policy.
The bank aims to balance recovery with inflation management and will avoid aggressive rate changes.
He said the stance is not “trigger-happy” on rate adjustments.