RBNZ Assistant Gov. McDermott: Not unhappy with fall in NZD after decision

Reuters interview with Reserve Bank of New Zealand Assistant Governor McDermott

• RBNZ has "broad view that next move could be up or down"
• Says underlying inflationary pressure no different today than in February, "Don't be fooled by the noise"
• RBNZ is "not unhappy" with fall in NZD after the OCR decision, "It's what we expected"
• Main 3 international risks are US fiscal outlook, Europe growth, China demand
• Chances of extreme outcomes for those 3 risks "seem less than they were a few months ago"

Nothing further at this stage