NZD/USD is giving back some of its earlier jump, its around 0.5852 now. From his circa 0.5880.
RBNZ Governor Orr with more:
Neutral rate is somewhere 2.5 to 3.5%expect to be around neutral by the end of 2025Confident domestic inflation pressures will continue to ease.Confident economic growth will pick up in 2025.Expect to be around neutral by end 2025.Neutral is somewhere between 2.5% to 3.5%.We can rule out rates going up in near term because of U.S. tariffs.We do have concerns about tariffs.Tariffs would put upward pressure on level of prices globally.
Earlier:
RBNZ Gov says it’s a misunderstanding that RBNZ projections show slower pace of rate cutsRBNZ Monetary Policy Statement Media Conference – live linkWhat is the Reserve Bank of New Zealand even doing? This is a horror ‘typo’/linkNew Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cutReserve Bank of New Zealand cuts cash rate by 50bp, as expected
This article was written by Eamonn Sheridan at www.forexlive.com.
