RBNZ Governor says central bank policy now officially contractionary – by fx_ross RBNZ NZDUSD CentralBanks
"We are sorry that New Zealanders are being buffeted by significant shocks and inflation is above target. As we've said before, inflation is no one's friend and causes economic costs," Reserve Bank of New Zealand governor Adrian Orr told a committee at parliament.The Kiwi is higher having made a fresh high for the current upswing, and regaining a 0.6250 area while it was approaching its strongest levels in nearly three months.
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