RBNZ's Orr: Core inflation is too high, expectations elevated

Ross J Burland FXStreet

The Reserve Bank of New Zealand's governor, Adrian Orr has said that core inflation is too high and that expectations are elevated.

The top central banker is speaking at the Finance and Expenditure Committee on points related to the February Monetary Policy Statement.

Key notes

Rebuild activity may add to inflationary pressure.
Monetary conditions need to tighten further.

Meanwhile, NZD/USD is offered following the US FOMC minutes and is trading towards session lows of 0.6203 at 0.6223.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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