A statement from Reserve Bank of New Zealand Assistant Governor McDermott
Headlines on Bloomberg
- Falling inflation expectations are a concern
- Weak price expectations contribute to the need for low interest rates
- need to rethink rate outlook if expectations fall further
- Rising risk that inflation expectations become unanchored
Full text: Inflation expectations and monetary policy (Actually, that's an RBNZ summary of the full text, but the full text is available from that link)
