(Finance) – The Central Bank of New Zealand he kept the interest rates stable at 5.5%. The decision was in line with expectations economists, but the considerations that emerged at the end of the Board appeared more accommodating than expected.
The New Zealand central bank, in fact, has raised the possibility of adopting a less restrictive monetary policy, in case inflation were to slow down as expected. “The Committee agreed that monetary policy should remain restrictive. – the statement underlines – The extent of this restriction will be mitigated over time in line with the expected decline in inflationary pressures”.
This is a change from what had emerged in May, when the central bank had assured that policy would remain restrictive for a “prolonged period” and had also indicated the possibility of a rate hike if inflation did not remain under control.
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