RBNZ Gov Orr: Central banks may have to hold rates higher than markets expect

RBNZ Governor Orr

• Central banks may have to hold rates higher than markets expect

• New Zealand economy has evolved ‘broadly’ as expected
• Discussed rate hike,
  but strong consensus that rates were sufficient
• Domestic price
  pressures are easing as expected
• Comforting to see
  inflation expectations decline
• Data has given us more confidence in the outlook than in November
• We are in a disinflation period
• Economy faces a soft landing scenario

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Earlier:

• RBNZ cash rate left unchanged at 5.5%
• NZD/USD has been smashed lower on the RBNZ cash rate hold decision

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