WELLINGTON, March 23 (Reuters) - New Zealand central
bank chief economist Paul Conway said on Thursday that if
inflation expectations do not fall, monetary policy would have
to do more work.
The inflation rate has been running at near three-decade
highs, well above the bank's target range of 1% to 3%, and at
the same time inflation expectations have remained high.
Conway told reporters on the sidelines of the KangaNews-ANZ
New Zealand Capital Markets Forum in Wellington that if
inflation expectations do not fall, then the central bank would
need to do more work through interest rates and more work
through the real side of the economy.
(Reporting by Lucy Craymer; Editing by Christopher Cushing)
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