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18 Apr 2024 15:35
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  •   Home > News > Business

    Increasing confidence from the Reserve Bank, that it almost has inflation under control

    Increasing confidence from the Reserve Bank, that it almost has inflation under control


    The central bank is keeping the Official Cash Rate unchanged at 5.5 percent.

    Many economists now expect it to remain at that level for some time.

    However, Reserve Bank Governor Adrian Orr says inflation is tracking down, and should be back within the one to three percent target range soon.

    He says it should be back under three percent about the middle of the year.

    © 2024 Newstalk ZB, NZCity

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