Market should recognise RBNZ's discomfort - more from McDermott

Author: Nick Bovell | Category: News

RBNZ's McDermott with more jawboning.

  • RBNZ slightly more uncomfortable with level of NZD compared with May.
  • Market should recognise out discomfort with recent NZD appreciation.
  • Rates will stay at current levels for quite a long time.
  • When asked about a rate rise in mid-2018, says "seems too early".

Kiwi is down 50 pips on the comments and down 100 pips from yesterday's highs.