Alan Bollard Future Quotations

Further policy tightening may still prove necessary. Certainly, there remains no prospect of a cut in the foreseeable future.

The prospect of further tightening may only be ruled out once a noticeable moderation in housing and consumer spending is observed, ... Certainly, we see no prospect of an easing in the foreseeable future if inflation is to be kept within the 1% to 3% target range on average over the medium term.