RBNZ’s Silk: Recession forecast shows it’d be shallow and technical
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Reserve Bank of New Zealand (RBNZ) Karen Silk, Assistant Governor, expressed her view on the economic, inflation and monetary policy outlook in her speech on Monday.
Hawkish comments from RBNZ’s Silk fail to impress New Zealand Dollar bulls, as China-driven risk-aversion weighs heavily on higher-yielding Kiwi. The NZD/USD pair is trading at 0.6200, down 0.65% on the day.
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