The Reserve Bank of New Zealand said committee policy is currently weighted toward containing inflation expectations and expects to put into effect more interest rate increases in coming quarters.
"If you go too slow, it's inflation expectations that will get away from us and at the moment the balance of risks as far as the Monetary Policy Committee is concerned is very much weighted toward constraining those inflation expectations in the medium term to be within the target range," bank Governor Adrian Orr said in a recorded interview with the International Monetary Policy released on Tuesday.
