Renters reports key comments delivered by the Reserve Bank of New Zealand John Assistant Governor McDermott in an interview on Thursday.
RBNZ was worried yield curve had priced in a rate hike.
Wanted markets to understand that a rate hike is currently off the table.
RBNZ needs to see growth pick up in Q3.
Would need to see core inflation back above 2% to hike.
The NZD/USD pair seems to have accelerated its decline on McDermott’s comments, now testing the 0.6650 level – fresh 2.5 years lows.
Share
