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NZD/USD trading lower as RBNZ cut OCR 25 bps to 3.25%

Weaker prospects for dairy price, lift in petrol price slows income/demand growth Risks delaying return of inflation to 2% midpoint compelling RBNZ to act Significantly lower e/r needed to redress imbalance in net extern…

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EconoTimes — Reading the Times. Understanding the Future.

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  • Weaker prospects for dairy price, lift in petrol price slows income/demand growth

  • Risks delaying return of inflation to 2% midpoint compelling RBNZ to act

  • Significantly lower e/r needed to redress imbalance in net external position

 

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