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)