RBNZ says longer-term inflation expectations remain well anchored at around two percent

  • NZD has eased and if sustained will increase inflation

  • New zealand’s reserve bank OCR unchanged at 1.75 percent

  • RBNZ sees official cash rate at 1.8 pct in december 2018 (pvs 1.8 pct)

  • Official cash rate at 1.8 pct in march 2019 (pvs 1.8 pct)

  • Monetary policy will remain accommodative for a considerable period

  • Employment growth has been strong

  • Cpi inflation is projected to remain near the midpoint of the target range