Reserve Bank of New Zealand Governor Orr spoke in a TV interview, basically repeating what he has been saying since the meeting yesterday.
In a nutshell:
to proceed with caution in adjusting interest ratesprice behaviour is in line with low inflationremoving monetary policy restraint is appropriate for the time being
Earlier today:
Reserve Bank New Zealand Governor Orr: Definitely moving the right direction on inflation
Yesterday from the RBNZ and Orr:
Reserve Bank of New Zealand announce cash rate cut to 5.25%NZD/USD marked lower after the Reserve Bank of New Zealand cut its cash rate RBNZ cut its cash rate by 25bp, market consensus was for on holdMarket pricing is for a Reserve Bank of New Zealand rate cut at its next meeting tooRBNZ Governor Orr: Confident inflation back in its target band
This article was written by Eamonn Sheridan at www.forexlive.com.
