RBNZ expects rates to be on hold for some time

  • The biggest change in the RBNZ statement was dropping the reference “need for higher rates”
  • The bank expects to keep the OCR on hold for some time
  • RBNZ: The high exchange rate, low global inflation, and falling oil prices are causing traded goods inflation to be very weak
  • RBNZ: Headline annual inflation is expected to be below the target band through 2015, and could become negative for a period before moving back towards 2 percent, albeit more gradually than previously anticipated

The post RBNZ expects rates to be on hold for some time appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published.