Today’s statements that the next OCR move could be down, and that NZ will probably tip into deflation this year, were not expected.
Annual trade data released this morning by Statistics NZ shows exports and imports continuing to rise over the year.
"We expect to keep the OCR on hold for some time"
The long awaited 'correction' in the NZ dollar might be here. Were you careful enough about what you wished for?
“For New Zealand the deflation is sort of good deflation"
'There is no need for the RBNZ to raise interest ratesuntil at least the middle of next year.'
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