RBNZ's Breman Strikes Reassuring Tone On Rates -- Market Talk

Dow Jones03-24

2141 GMT - RBNZ Governor Anna Breman has struck a reassuring tone in a speech about the potential impacts on the New Zealand economy of the Middle East oil shock. It's early days, and "wait and see" was very much the tone, says Sharon Zollner, chief economist at ANZ. Market pricing has moved dramatically in recent times to price three RBNZ hikes this year. Breman said that monetary policy would only have to respond with higher interest rates than otherwise if medium-term inflation or inflation expectations threaten to move away from the 2% midpoint, Zollner adds. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

March 23, 2026 17:42 ET (21:42 GMT)

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