RBNZ Governor Orr said the biggest risk we run is not getting inflation low and stable

Repeating myself a little here, but yesterday we had

the Statement from the Bank. This was read as hawkish but comments from Governor Orr at the following media conference were not nearly so hawkish. Summary is here:

• ForexLive Asia-Pacific FX news wrap: NZD jumped on a more hawkish RBNZ Statement

RBNZ Governor Orr has been out and about explaining the Statement. Comments from earlier today:

• The disappointing part is how stubborn domestic inflation remains.
• we are now at the stubborn tail, which is not surprising
• The biggest risk we run is not getting inflation low and stable”

This article was written by Eamonn Sheridan at www.forexlive.com.