RBNZ assistant governor McDermott speaking in Christchurch 15 May
- monthly CPI data would improve the RBNZ's forecasting ability
- we are not fortune tellers in a world of radical uncertainty
- macroeconomics stats used for inflation targeting one significant limited factor to forecast improvement
They say a bad workman blames his tools. Seems like CBs generally now always looking for excuses.
NZDUSD unfazed by the comments at 0.6875
