RBNZ: Some Further Reduction In Monetary Stimulus Likely Required To Return Inflation To Target

Future OCR Decisions To Depend On Incoming Data, Price-Setting Behaviour And Economic Activity MPC Reached Consensus To Increase The OCR Medium-Term Inflation Pressures Depend On Extent Recent Cost Increases Feed Into Prices Effects Of Energy Shock To Linger Despite Lower Energy Prices Policy Calibrated To Bring Inflation Back To Target Without Causing Unnecessary Economic Instability