RBNZ Governor Orr says the upper OCR monitor isn’t ahead steering

RBNZ Governor Orr’s press convention following the Financial institution’s coverage commentary previous.

• upward push in OCR monitor isn’t ahead steering, no longer a powerful sign out the Financial institution’s subsequent transfer
• cautious about an excessive amount of on charges
• is inspired to look inflation fall
• inflation continues to be too top
• the chance in the following couple of months is that job may well be more potent than anticipated
• in a position to paintings thru noisy information within the close to time period
• there used to be no longer a lot communicate of a fee lower, it used to be simple to achieve consensus at the on grasp choice
• we’re very pleased with the place the money fee is