Additional comments are crossing the wires from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr, as he continues to speak at the post-monetary policy meeting press conference.
Key quotes
“Biggest concern at present is about containing inflation expectations.”
“Positive position that policy may need to tighten sooner than other countries. “
“Talking about re-normalizing monetary policy.”
Market reaction
NZD/USD is holding the higher ground near 0.6950, looking to extend its rebound from nine-month troughs. The spot is up 0.37% on the day.
