ANZ's Zollner on RBNZ's Policy Outlook

The video discusses economic risks related to yield curves and the potential for recession. It highlights New Zealand's inflation challenges, particularly due to rising food prices, and the Reserve Bank of New Zealand's (RBNZ) monetary policy strategy to address these issues. The discussion covers business sentiment, economic outlook, and the impact of government measures on inflation and consumer sentiment.

What is one of the main economic risks discussed in relation to New Zealand's housing market?

• Falling housing prices

• Increasing foreign investment

• Rising housing prices

• Stable housing prices

How did food prices in New Zealand change in March compared to the previous month?

• Decreased by 0.7%

• Increased by 0.7%

• Remained the same

• Increased by 0.1%

What is a major factor contributing to the inflationary pressures in New Zealand?

• Decreasing labor market tightness

• Rising export incomes

• Stable food prices

• Decreasing consumer demand

What is a significant concern for the RBNZ when making monetary policy decisions?

• Rising unemployment

• Losing inflation targeting credibility

• Decreasing export incomes

• Stable interest rates

What is the general sentiment of New Zealand businesses towards the economic outlook?

• Optimistic due to low costs

• Pessimistic due to rising costs

• Optimistic due to high consumer spending

• Neutral with no significant changes

What impact did the fuel tax cut have on inflation according to the estimates?

• Had no impact on inflation

• Decreased inflation by 0.5%

• Increased inflation by 1%

• Increased inflation by 0.5%

What is the public sentiment towards the Reserve Bank's interest rate decisions?

• Opposition to any rate changes

• Indifference towards rate changes

• Support for hiking rates

• Support for lowering rates