The Reserve Bank of New Zealand (RBNZ) is not quite near to meeting its employment objective, the central bank policymaker Peter Harris said in a statement on Wednesday.
Additional comments
No need to remove monetary stimulus right now.
Not seeing material signs of wage inflation.
Low rates support employment, incomes.
Unemployment remains ‘relatively high’.
NZD/USD reaction
NZD/USD keeps its recovery mode intact, having recaptured 0.7200 following the above comments.
The spot was last seen trading at 0.7203, modestly flat on the day.
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