• Says trading partner outlook remains poor.
  • Remains appropriate to hold rate.
  • Limited risk that Euro conditions worsen.
  • N.Z. exchange rate constraining demand growth.
  • Housing activity to increase as forecast.
  • Underlying inflation to settle mid point target range.
  • Says monetary policy settings remain appropriate .

BBG

Nzd firming on the statements citing monetary policy on the highs at 0.7907.