RBNZ McDermott: Uncomfortable with level of the NZ dollar
|Speaking in an interview following the Reserve Bank of New Zealand (RBNZ) policy decision today, assistant governor and chief economist McDermott talked down the domestic currency.
Key Headlines via Bloomberg:
Uncomfortable with level of the NZ dollar
Strong NZD will compress tradable inflation
RBNZ is more circumspect on the positive news than the market
RBNZ wants to be sure of 2% inflation before hiking rates
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