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NZ central banks says inflation stabilising but will cut again if needed

Published 09/06/2016, 09:57 am
Updated 09/06/2016, 10:00 am
© Reuters.  NZ central banks says inflation stabilising but will cut again if needed

WELLINGTON, June 9 (Reuters) - New Zealand's central bank held rates on Thursday and retained an easing bias, noting that inflation pressures were stabilising and high house prices were a concern.

Reserve Bank of New Zealand governor Graeme Wheeler said at a media conference the bank would not "hesitate" to adjust interest rates if needed.

He added that some inflation pressures were beginning to come through.

His comments followed the RBNZ's decision to hold rates at 2.25 percent.

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