NZD/USD is giving back some of its earlier jump, its around 0.5852 now. From his circa 0.5880.
RBNZ Governor Orr with more:
- Neutral rate is somewhere 2.5 to 3.5%
- expect to be around neutral by the end of 2025
- Confident domestic inflation pressures will continue to ease.
Confident economic growth will pick up in 2025.
Expect to be around neutral by end 2025.
Neutral is somewhere between 2.5% to 3.5%.
We can rule out rates going up in near term because of U.S. tariffs.
We do have concerns about tariffs.
Tariffs would put upward pressure on level of prices globally.
Earlier:
- RBNZ Gov says it's a misunderstanding that RBNZ projections show slower pace of rate cuts
- RBNZ Monetary Policy Statement Media Conference - live link
- What is the Reserve Bank of New Zealand even doing? This is a horror 'typo'/link
- New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut
- Reserve Bank of New Zealand cuts cash rate by 50bp, as expected
