RBNZ Governor Orr trimming monetary policy restraint is appropriate now ...Middle East

Reserve Bank of New Zealand Governor Orr spoke in a TV interview, basically repeating what he has been saying since the meeting yesterday.In a nutshell:to proceed with caution in adjusting interest ratesprice behaviour is in line with low inflationremoving monetary policy restraint is appropriate for the time beingEarlier today:Reserve Bank New Zealand Governor Orr: Definitely moving the right direction on inflationYesterday from the RBNZ and Orr:Reserve Bank of New Zealand announce cash rate cut to 5.25%NZD/USD marked lower after the Reserve Bank of New Zealand cut its cash rate RBNZ cut its cash rate by 25bp, market consensus was for on holdMarket pricing is for a Reserve Bank of New Zeala

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