(Reuters) – Reserve Bank of New Zealand assistant governor Christian Hawkesby said on Tuesday the bank’s surprise 50 basis point cut in August would lift inflation.
“We felt this commitment (to providing monetary policy stimulus) should support a lift in inflation expectations and an eventual lift in actual inflation,” he said in a speech to a markets conference in Sydney.
(Reporting by Charlotte Greenfield; Editing by Chris Reese)
Giants sign WR Allen Robinson, add veteran presence to young room
Caitlin Clark set for Indiana’s preseason home debut. Fever to open arena’s 3rd deck vs Atlanta
Canucks overcome 3-goal deficit to stun Oilers 5-4 in Game 1
Jalen Brunson returns from foot injury, sparks Knicks past Pacers for 2-0 lead in East semifinals
Aleksander Barkov scores twice, Panthers rout Bruins 6-1 in Game 2 to tie series
Fenced in: How the Manhattan DA’s office took down two siblings allegedly behind major retail theft ring
Teen stabbed to death in Queens; one in custody: NYPD
Award-winning director Mohammad Rasoulof sentenced to prison in Iran ahead of Cannes
British government tries to avert the type of unrest seen on American campuses
Reborn in Midtown: Prince Kitano New York revives Japanese elegance
