RBNZ's McDermott: Full text of his speech

Reserve Bank of New Zealand's McDermott:

• Forward guidance aids effective monetary policy

That's the full text link

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From Assistant Governor and Head of Economics, Dr John McDermott

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No comments on the economy nor the NZD I can see.

Carry on.

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Here we go ... he hasn't let us down:

• Will need to change stronger growth view if new events unfold
• Medium term inflation expectations have fallen, but near 2% target