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Central BanksMedium•10 November 2026•
1 min read

RBNZ Chief Economist Expresses Concern Over NZ Inflation Expectations

Key Facts

1RBNZ Chief Economist Paul Conway stated that inflation expectations remain a source of concern.

Paul Conway, Chief Economist at the Reserve Bank of New Zealand (RBNZ), stated that inflation expectations remain a source of concern. Bloomberg reported that the central bank official highlighted the need to monitor whether these expectations are becoming unanchored, which could necessitate keeping interest rates restrictive for longer.

These comments follow labor market data released on November 3, 2026, which showed the New Zealand unemployment rate rising to 5.7% from a previous 5.6%. Employment change for the quarter also contracted by 0.1%, missing the forecast growth of 0.4%.

The RBNZ is scheduled to release its Financial Stability Report on November 16, 2026, followed by a press conference on November 17, 2026, to further detail the monetary policy outlook.