Reserve Bank New Zealand Governor Orr: Definitely moving the right direction on inflation

RBNZ Governor Orr

• Current economic environment is weak
• Economy weaker than
  anticipated six months ago
• We have strong
  control over the inflation story
• No talk on committee
  of raising rates again
• We are not done yet
  on inflation but definitely moving in right direction
• If inflation
  expectations well anchored we can look through some noise

Kiwi $ is barely moving. Orr is pounding the dovish table.

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