RBNZ's Orr: NZD currently around "happy space", easing bias remains in place for now
|Reserve Bank of New Zealand Governor Adrian Orr is out on the wires stating that the New Zealand dollar's exchange rate is around a happy space and the monetary policy easing bias remains in place for now.
Key quotes
- Softer economic conditions in the US, Europe, China contributed to the dovish tone.
- Possibility Q1 inflation undershooting forecasts already factored into bank's dovish bias.
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