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RBNZ Governor: Persistent Oil Price Rise Would Push Short-Term Inflation Above September Forecast
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Reserve Bank of New Zealand Governor Adrian Orr stated that if oil prices continue to rise, short-term inflation is expected to exceed the levels assumed in the central bank's September Monetary Policy Statement. The comment highlights a key upside risk to the inflation outlook, as sustained higher energy costs could feed through to consumer prices more quickly than previously forecast. The governor's remarks underscore the central bank's vigilance regarding external price pressures, particularly from global commodity markets, which could influence future monetary policy decisions. The statement was reported by financial news outlet Jin10, reflecting market attention to RBNZ's inflation assessment amid volatile oil markets.
Source report
Wellington – Reserve Bank of New Zealand (RBNZ) Governor Adrian Breeman has warned that a sustained increase in oil prices could lead to short-term inflation exceeding the levels assumed in the Bank's September statement.
"If oil prices continue to rise, we expect this to result in short-term inflation higher than what we assumed in our September statement," Breeman said.
Source
金十数据Neutral / independent