RBNZ Chief Economist Conway - OCR forecasts indicate another 75bp easing ...Middle East

NZD drop will boost export revenuesOutput gap will help contain inflation pressuresOCR forecasts indicate another 75bp easingWeaker New Zealand dollar will aid economic recoveryWilling to look through inflation uptick this yearLowering OCR below neutral is part of the risk conversationCurrently sees no prospect of rate increasesTaking OCR below neutral is not the central projection

Conway media appearance after this week's rate cut:

ForexLive Asia-Pacific FX news wrap: RBNZ’s 3rd consecutive 50bp rate cut, NZD higher

Conway taking a seat

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

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