Thebitcoin mining login Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Tuesday that the central bank remains laser-focused on its job to control inflation. Orr further stated that the central bank is on track to get inflation back into the target band.
Key quotes
“The MPC remains laser-focused on its job to control inflation and Carl and Prasanna will play an important part in our discussions.”
"We're now in a much happier space, where most central banks feel we're back on top of inflation, not there yet."
"But inflation expectations have been the big concern, the more people think inflation will rise next year, the more inflation will rise next year."
"We are on track to getting inflation back into the target band.”
Market reaction
The NZD/USD pair is trading lower by 0.05% on the day to trade at 0.5951, as of writing.