RBNZ Less Conerned With Inflation 'Just Now,' Statement Says

Reserve Bank of New Zealand thinks that inflation is of less concern “just now.” In its monthly Statement of Intent published today, the bank said that the threat of price momentum is “less of a concern just now.” But as soon as the economy rebounds, it may “present an important challenge” as soon as confidence returns to the marketplace, the statement added. Such price pressures may come on the back of the unprecedented attempts to revive the economy with easy money. Indeed, the just published statement cautioned that “the large amount of liquidity that has been injected into the global system” might lead to such an inflationary environment.