RBNZ’s Hawkesby: Have 'genuine neutral bias' on interest rates

The Reserve Bank of New Zealand (RBNZ) has a genuine neutral bias on the interest rates, said the central bank’s Assistant Governor/GM Economics, Financial Markets and Banking, Christian Hawkesby in an interview with Bloomberg on Thursday.

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Sees household consumption gains boosting growth in 2H 2020.

Expect labor market to soften, low rates will support.

Comfortable using full 1-3% inflation range.

Inflation above 2% 'would be healthy'.

Rates on hold at record low for a long time.