NZ Finance Minister Nicola Willis spoke after the RBNZ 'on hold' decision yesterday. I've said the Statement from the Bank was read as hawkish but subsequent comments from Governor Orr at the following media conference were not nearly so hawkish. Summary is here, you decide:ForexLive Asia-Pacific FX news wrap: NZD jumped on a more hawkish RBNZ StatementWillis:”The reality is inflation is still not back to target.“”We’re funding tax reduction through savings, reprioritisation.” government had confidence it could reduce taxes and bring inflation back to target levelsYeah, there is still work to be done. Orr said he expects inflation to be back in the target band by the end of this year. Good n
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