RBNZ's Silk: Recession forecast shows it'd be shallow and technical RBNZ CentralBanks NZDUSD Inflation
Will be closely monitoring higher frequency data such as spending data, and the next CPI report to determine the move in February.New Zealand is not being substantially more aggressive than its peers.Hawkish comments from RBNZ’s Silk fail to impress New Zealand Dollar bulls, as China-driven risk-aversion weighs heavily on higher-yielding Kiwi. The NZD/USD pair is trading at 0.6200, down 0.65% on the day.
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