RBNZ's McDermott sees NZD easing on Fed rate hikes

Omkar Godbole FXStreet Contributor

Comments from Reserve Bank of New Zealand Assistant Governor McDermott are crossing the wires via Bloomberg-

NZD likely to ease as Fed raises rates.
Can look through CPI volatility as expectations are stable.
Drop in inflation could trigger a rate cut.
RBNZ has a neutral view of interest rates.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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