Reuters report on remarks from Jarrod Kerr, senior interest rate strategist at Commonwealth Bank of Australia

  • He urges the Reserve Bank of New Zealand to do more to combat the high NZD
  • "Words are meaningless unless backed by a credible assault plan"
  • Calls on the RBNZ to cut rates to 1.0% over two meetings
  • Also says the RBNZ could intervene in currency markets
  • Added that the RBNZ could resolve to inflate the New Zealand economy with "freshly minted currency," if all else failed. "Guerrilla warfare is the RBNZ's best tactic in fighting the currency trader"

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Fightin' words from Kerr.