RBNZ McDermott: Uncomfortable with level of the NZ dollar

Dhwani Mehta FXStreet

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

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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