WELLINGTON, Dec 7 (Reuters) - A higher New Zealand dollar NZD= will help the central bank achieve its policy objectives, including managing rising inflation risks, more quickly, Assistant Governor Christian Hawkesby said on Tuesday.
"At the moment a higher currency in the short term will actually help us achieve our objectives more quickly because a strong currency will feed through a lower tradables inflation and feed through to lower inflation, and we are managing inflation from the top side...," Hawkesby said at a virtual debt capital markets event.
Hawkesby reiterated that the Reserve Bank of New Zealand's monetary policy strategy was to take "considered steps", as seen in the 25-basis-points hike last month. (([email protected]; +6448028163; Reuters Messaging: [email protected]; Twitter: https://twitter.com/Journopraveen))
