Reserve Bank New Zealand Governor Orr: Definitely moving the right direction on inflation

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. Source