RBNZ Governor Orr says he is confident that inflation pressure is lessening

Reserve Bank of New Zealand official, including Governor Orr and Chief Economis COnway are appearing before a parliamentary committee, parliament’s Finance and Expenditure Committee.


  • Confident that inflation pressures are easing
  • Economy is going through a necessary slowdown
  • expects the current account deficit to narrow


  • sees a significant downturn ahead for the construction industry
  • confident that current cash rate settings are restrictive

There is more to come from RBNZ officials in the hours ahead:

This article was written by Eamonn Sheridan at www.forexlive.com. Source