RBNZ’s Hawkesby: Have 'genuine neutral bias' on interest rates, Kiwi unfazed around 0.6465
|The Reserve Bank of New Zealand (RBNZ) has a genuine neutral bias on the interest rates, said the central bank’s Assistant Governor/GM Economics, Financial Markets and Banking, Christian Hawkesby in an interview with Bloomberg on Thursday.
Additional Quotes:
Sees household consumption gains boosting growth in 2H 2020.
Expect labor market to soften, low rates will support.
Comfortable using full 1-3% inflation range.
Inflation above 2% 'would be healthy'.
Rates on hold at record low for a long time.
FX Implications:
The corrective slide in the Kiwi from multi-day tops remains intact, although the bulls seem to be fighting back control near 0.6460 region, at the press time.
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