{"id":176058,"date":"2025-12-09T21:25:08","date_gmt":"2025-12-09T21:25:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/176058\/"},"modified":"2025-12-09T21:25:08","modified_gmt":"2025-12-09T21:25:08","slug":"reserve-bank-governor-says-there-is-no-preset-course-for-monetary-policy-after-westpac-hikes-interest-rates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/176058\/","title":{"rendered":"Reserve Bank Governor says there is no preset course for monetary policy after Westpac hikes interest rates"},"content":{"rendered":"

She declined the opportunity to explicitly talk the market up or down. <\/p>\n

Rather, she stressed a couple of times: \u201cThere is no preset course for monetary policy.\u201d<\/p>\n

Breman said she would look at all the economic data due out before the Monetary Policy Committee next reviews the OCR on February 18. <\/p>\n

She said that if circumstances changed, the Reserve Bank would adjust its stance accordingly. <\/p>\n

This said, she noted she was yet to meet all the other Monetary Policy Committee members, who collectively set the monetary policy.<\/p>\n

Breman said the outlook for inflation was \u201cfavourable\u201d and noted there were risks to both the up and downsides.<\/p>\n

There was no major initial market reaction to Breman\u2019s comments being published.<\/p>\n

Her predecessor Christian Hawkesby declined <\/a>to talk down the market when the Herald interviewed him on November 27.<\/p>\n

Asked what he made of swap rates rising, Hawkesby said, \u201cI think we had an awareness of what the market reaction might be to our decision… <\/p>\n

\u201cWe always have our markets team brief us on the likely reactions to different decisions we make. So it sort of fell in the ballpark of what we expected.\u201d<\/p>\n

Jen\u00e9e Tibshraeny is the Herald\u2019s Wellington business editor, based in the parliamentary press gallery. She specialises in government and Reserve Bank policymaking, economics and banking.<\/p>\n

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"She declined the opportunity to explicitly talk the market up or down. Rather, she stressed a couple of…\n","protected":false},"author":2,"featured_media":176059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[74,24752,5845,1643,107418,138,6932,1853,8278,18478,18692,1644,5504,2082,13984,25807,100302,23500,12469,185,29135,25306,111,139,7805,69,5908,7254,112885,19257,7676,10665,312,684,42773,17239],"class_list":["post-176058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-after","tag-ago","tag-anna","tag-bank","tag-breman","tag-business","tag-cash","tag-central","tag-conditions","tag-course","tag-cutting","tag-financial","tag-following","tag-for","tag-fortnight","tag-governor","tag-hikes","tag-impact","tag-interest","tag-is","tag-monetary","tag-monitoring","tag-new-zealand","tag-newzealand","tag-no","tag-nz","tag-official","tag-policy","tag-preset","tag-rate","tag-rates","tag-reserve","tag-says","tag-there","tag-tightening","tag-westpac"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/176058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=176058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/176058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/176059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=176058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=176058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=176058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}