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