RBNZ Dep Gov Hawkesby: Cutting interest rates is not part of near term discussion

Reserve Bank of New Zealand Deputy Governor Hawkesby:

  • While near-term inflation risks are to upside, confident medium-term
    inflation is returning to target
  • No single data point
    will cause rate hike, watching domestic inflation pressures,
  • Cutting interest
    rates is not part of near-term discussion
  • A lot of uncertainty
    about tradable inflation going forward

Hawkesby making patient comments on the interest rate path ahead for the RBNZ. Cuts are coming, just not soon.

This article was written by Eamonn Sheridan at www.forexlive.com. Source