RBNZ’s Orr: Global and domestic low inflation expectations key reason for lower official interest rates
|The Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr crosses the wires while saying that the central bank is forward looking and transparent.
Key quotes
- Continue to engage with open mind on capital plan.
- RBNZ is forward looking, transparent.
- Global and domestic low inflation expectations key reason for lower global and domestic official interest rates.
FX implications
While the New Zealand Dollar (NZD) is yet to respond to the news, expectations are in support of the further weakening of the currency as the central bank leader sound dovish.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.