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