RBNZ’s Orr: Capacity pressures in the economy are tightening still

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is speaking at the February post-monetary policy decision press conference on Wednesday, noting the following.

Capacity pressures in the economy are tightening still.

Separately, the central bank’s Chief Economist Ha said that they are “seeing signs house prices are declining, moving back to more sustainable levels.”

more to come ...