RBNZ's Silk: Remains confident inflation will converge with 2% target

Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk noted early Wednesday that the RBNZ is increasingly confident it will achieve target inflation levels using its current monetary policy strategy, though maybe not as quickly as many would like.

Key highlights

Confident inflation will converge back to 2% target midpoint in medium term.

Assessing and managing inflation amidst economic risks.

Monetary policy supportive of inflation objectives.

RBNZ Committee is gaining confidence in monetary policy effectiveness.

Bank funding spreads have risen year on year.

Oct 16, 2024

RBA's Hunter: Inflation expectations remain anchored

Reserve Bank of Australia (RBA) Deputy Governor Sarah Hunter noted early Wednesday that while the RBA remains determined to keep inflation under control, and the Australian central bank sees no signs of inflation expectations becoming de-anchored, price growth has remained a sticking point for the RBA.

Fed's Bostic: Confident inflation is returning to 2%

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires during the overnight hours of Tuesday's US market session, noting that the US continues to perform well, and doesn't see strong signs of a potential recession looming over the horizon.