Reply To: Reserve Bank of New Zealand Raise Rates by 50bp to 4.75% to Highest Since January 2009

22 Feb '23 at 12:50 pm #53744
Helmholtz Watson
Participant

Reserve Bank of New Zealand Chief Economist Conway says the economy is severely capacity constrained:

the impact of the cyclone has boosted the demand for labour
possibility that the build-back from cyclone damage boosts inflation