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Live Updates  >  Live Update Details

2026-05-29 07:41:49

Reserve Bank of New Zealand Assistant Governor Silk: We do not currently believe a rate hike is necessary, but inflationary pressures are increasing in the short term, and some damage has already occurred even if the Middle East conflict ends soon. We should not wait for the quarterly CPI data release to act; a more forward-looking approach is needed. Based on high-frequency data from the July decision, we are inclined to see a rate hike at the next meeting.

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