RBNZ's Hawkesby: We need to continue removing stimulus

Anil Panchal FXStreet

“New Zealand's economy is quite resilient,” said RBNZ Assistant Governor Christian Hawkesby during an interview with Bloomberg TV amid early Friday morning In Asia.

Key comments

We must lean against domestic price forces.

So far, the increase in expectations has been as expected.

Inflation expectations will be critical for us.

We've got a very tight labor market.

Covid in community is a downside risk.

Risks to the outlook are delicately balanced.

Market reaction

NZD/USD pays a little heed to the RBNZ official’s comments, taking rounds to 0.6860 following a drop to a fresh three-month low.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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