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Reuters
Reuters
Business

RBNZ assistant governor says bank's August cut will help lift inflation

FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray/File Photo

(Reuters) - Reserve Bank of New Zealand assistant governor Christian Hawkesby said on Tuesday the bank's surprise 50 basis point cut in August would lift inflation.

"We felt this commitment (to providing monetary policy stimulus) should support a lift in inflation expectations and an eventual lift in actual inflation," he said in a speech to a markets conference in Sydney.

(Reporting by Charlotte Greenfield; Editing by Chris Reese)

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