RBNZ Orr: We are officially contractionary on policy

• we are officially contractionary on policy
• we must reduce both actual and expected inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• never before has labor been more scarce
• the global economy has been impacted by significant shocks
• financial system is resilient to rising unemployment
• could be a job retreat session
• biggest surprise since August is the persistence of global inflation, domestic price pressures
• the quicker inflation expectations come down, less work RBNZ has to do

RBNZ chief economist Conway:

• The decline in construction is critical to the inflation outlook
• the significant slowdown in home construction is on the way. It will get tougher for building sector

The NZDUSD NZD/USD Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Read this Term is trading to new session highs and looks toward the 50% midpoint of the 2022 trading range and 0.62719. Above that level is the falling 200 day moving average at 0.6302. The last time the price traded above the 200 day moving average was back on April 7.