August 14, 2024 at 11:06PM
RBNZ Governor Orr
Current economic environment is weak
Economy weaker than
anticipated six months ago
We have strong
control over the inflation story
No talk on committee
of raising rates again
We are not done yet
on inflation but definitely moving in right direction
If inflation
expectations well anchored we can look through some noise
Kiwi $ is barely moving. Orr is pounding the dovish table.
This article was written by Eamonn Sheridan at www.forexlive.com.
Reserve Bank New Zealand Governor Orr: Definitely moving the right direction on inflation