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Noticias de trading
11 Aug 2016
RBNZ’s Wheeler: RBNZ cut rate because of exchange rate pressures on the economy
The Reserve Bank of New Zealand (RBNZ) Governor Wheeler is on the wires now, via Reuters, justifying its rate cut decision before the parliamentary committee.
Key Headlines:
Concerned about inflation expectations
Monetary policy tools are working
It cut rate because of exchange rate pressures on the economy
Economy does not currently need a 50bp cut
Does not see a case for moving away from inflation targetting