FXStreet (Bali) – Comments from Reserve Bank of New Zealand Governor Wheeler keep crossing the wires, noting that some further exchange rate depreciation desirable.
Additional headlines
Most risks facing the economy are on downside
To take longer for headline inflation to reach target
Fixation on headline inflation would be inappropriate
RBNZ may ease further if global outlook worsens
Inappropriate to cut rate in response to low oil price
Don’t want price expectations to drop significantly
RBNZ will avoid mechanistic response to low inflation
Encouraging that inflation expectations average 2%
RBNZ monetary policy will continue to be accommodative
(Market News Provided by FXstreet)