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2026-04-07 09:37:58
[HSBC Economist: Reserve Bank of New Zealand Better Positioned to Cope with Global Energy Shocks Than Australian Peers] (1) HSBC Chief Economist Paul Bloxham said the Reserve Bank of New Zealand, which will meet on Wednesday, appears to be in a better position than its Australian counterparts to cope with the current global energy shocks. (2) He noted that New Zealand’s core inflation rate is close to its target level and the country has a lot of spare capacity after three years of weak growth. (3) Therefore, the likelihood of an impending surge in oil-driven CPI inflation being entrenched in inflation expectations has decreased.
