RBNZ deputy gov Bascand in a scheduled speech 22 Nov
– NZ consumers more prudent since GFC, spending less of windfall from rising household wealth
– consumer caution has contributed to low inflation in NZ
Nothing of note. NZDUSD 0.7057 in retreat on general USD demand after failing above 0.7080
RBNZ’s Bascand says global disinflation will remain a headwind to NZ inflation target
