New Zealand Reserve Bank Chair Breman: Inflation Unlikely to Be Curbed in Short Term Due to Lag in Official Cash Rate Adjustment

New Zealand Reserve Bank Chair Breman has stated that the adjustment of the official cash rate has a lag effect, making it difficult to curb inflation in the short term. According to Jin10, Breman emphasized that the impact of monetary policy changes takes time to manifest in the economy, which poses challenges in addressing rising inflation promptly. The statement highlights the complexities involved in monetary policy implementation and its effects on inflation control.