RBNZ Assistant Gov. McDermott being quoted by Bloomberg 11 May
- RBNZ wants to see core inflation rise to 2%
- 2year inflation expectation measure unreliable
- RBNZ estimates neutral interest rate now below 4%
Eamonn had earlier comments from McDermott here
The Reserve Bank of New Zealand left interest rates on hold 'as expected' (on hold) but Eamonn said it was " a surprise for the markets in maintaining a very clear neutral policy bias. There had been many expectations of a shift to a little more hawkish, but the RBNZ was having none of that."
NZDUSD currently 0.6835 after finding support around 0.6820
RBNZ's McDermott - Market ignoring risks
