RBNZ’s Orr: There are early signs of price pressures beginning to ease in the global economy

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

“Cyclone-related inflationary pressure may require higher rates for longer,” said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr during an interview with Bloomberg TV on early Thursday in Asia, late Wednesday elsewhere.

Also read: RBNZ’s Orr: Core inflation is too high, expectations elevated

It’s worth noting that RBNZ’s Chief Economist Paul Conway also crossed wires, via Reuters, while stating that a cyclone that hit New Zealand earlier this month was leading to greater uncertainty around GDP projection. RBNZ’s Conway was testifying at parliament’s Finance and Expenditure committee meeting, per Reuters.

The news fails to ease pressured off the NZD/USD pair as it holds lower ground near 0.6215 at the latest.

Also read: NZD/USD bears on top as traders await more cues from US data

[/s2If]
Join Our Telegram Group