NZ Treasury says cyclone reconstruction will boost economic activity, RBNZ implications

<p>New Zealand Treasury statement:</p><ul><li>cyclone reconstruction will boost economic activity</li><li>boost to demand will increase inflationary pressures</li><li>could lead to the RBNZ holding interest rates higher for longer</li></ul><p>Earlier from New Zealand:</p><ul><li><a href="https://ift.tt/zd8VZ5p" rel="follow" target="_self" class="article-link vertical-align-baseline">New Zealand PPIs Q4 2022 lower than the previous quarter - reduced inflationary pressure</a></li></ul><p>-</p><p>The RBNZ meet on Wednesday this week, statement due at 0100 GMT, which is 8pm US Eastern time on Tuesday, 21 February 2023.</p><ul><li><a href="https://ift.tt/nmN3lQY" rel="follow" target="_self" class="article-link">RBNZ meet this week - flooding, cyclone events bolster the case for a pause</a></li></ul><ul><li><a href="https://ift.tt/0yAkJIG" rel="follow" target="_self" class="article-link">Reserve Bank of New Zealand policy decision due mid-week. Preview & NZD implications.</a></li></ul><ul class="text-align-start vertical-align-baseline"><li><a href="https://ift.tt/chepODu" rel="follow" target="_blank" data-article-link="true" class="article-link">Reserve Bank of New Zealand rate decision on Wednesday. What levels are in play for NZDUSD</a></li></ul><p>RBNZ Governor Orr faces a tough decision this week. Higher rates are needed in the fight to bring inflation under control, but the last thing the country needs right now in the midst of recovery from a natural disaster is a 50bp rate hike. </p> This article was written by Eamonn Sheridan at www.forexlive.com.

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