RBNZ's Conway: Middle East conflict complicates monetary policy like all supply shocks
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10:05:19 PM UTC
SquawkNews
* Understanding How Firms Respond To Cost Shocks Is Fundamental To Keeping Inflation Low And Stable * Even Though Oil Prices Have Eased, The Effects Of The Shock Will Continue To Reverberate Through The Economy For Some Time * Middle East Developments Over The Past Week Suggest Upside Risks To Our September Quarter Forecast * Monetary Policy Can Prevent First-Round Price Effects From Becoming Second-Round Inflation Pressure
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