RBNZ Battles Persistent Inflation Drivers
The Reserve Bank of New Zealand (RBNZ) continues to grapple with persistent sources of inflation, according to Westpac. The central bank has been keeping a close eye on these factors, which include global commodity price increases and higher housing-related costs.
Westpac notes that the RBNZ's Monetary Policy Committee (MPC) has highlighted the impact of global events on New Zealand's inflation rate.