The Mike Hosking Breakfast

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Adrian Orr: Reserve Bank Governor is confident that they almost have inflation under control


The Reserve Bank’s confidence that it almost has inflation under control is increasing. 

The central bank is keeping the Official Cash Rate unchanged at 5.5%. 

Many economists now expect it to remain at that level for some time. 

However, Reserve Bank Governor Adrian Orr told Mike Hosking, inflation is tracking down, and should be back within the 1-3% target range soon. 

He says it should be back under 3% about the middle of the year. 

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 February 28, 2024  7m