Recap - RBNZ warns oil driven inflation could become persistent, more hikes eyed

The framing here matters more than any single line, since Conway is explicitly distancing the RBNZ from a restrictive stance while still flagging further hikes, a calibrated drift back to neutral rather than a tightening campaign. That nuance may cap how aggressively markets price future moves even as the inflation numbers themselves, a forecast peak of 3.9…

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