Orr said interest rates were likely to stay put.
Quote:
Originally Posted by
beacon
You realize dot plots are now showing Fed funds rates halving in 3 years, at the minimum. See what is happening to treasuries, share markets...
I'm being very conservative at 65c NZD USD. I expect NZD USD over 70c within 3 years now, as NZ- India relationship gets going.
Adrian Orr and Reserve Bank (RBNZ) tell MPs, new Government that inflation is ‘number one evil’ for everyone
https://www.nzherald.co.nz/business/...FB26LYADRFB4Y/
Conway, RBNZ says: record immigration may mean rates stay high for longer
... interest rates will have to remain high for longer, chief economist Paul Conway told Parliament's finance and expenditure committee (FEC).
RBNZ governor Adrian Orr told the committee ... record levels of net migration has meant that although per-capita consumption is declining, overall demand is rising, raising the question of “do we have to maintain more restrictive for longer with monetary policy.”
https://tmmonline.nz/article/9765226...kets+available