RBNZ's Yuong Ha says the Bank would like a weaker NZD
RBNZ's Chief Economist interview:
- RBNZ wants lower bond yields
- the Bank's new bond-buying targets are meant to signal that intnetion'
- negative cash rate is a policy option, but its not inevitable
- RBNZ would like a weaker NZD
NZD dropped to its session low but remains in a lacklustre small range. The currency is hostage to offshore developoments which makes the RBNZ getting what it wants out of it hands for now.
Yuong Ha is Chief Economist and Head of Economics