Reserve Bank of New Zealand Chief Economist Paul Conway speaks in interview
- NZD drop will boost export revenues
- Output gap will help contain inflation pressures
- OCR forecasts indicate another 75bp easing
- Weaker New Zealand dollar will aid economic recovery
- Willing to look through inflation uptick this year
- Lowering OCR below neutral is part of the risk conversation
- Currently sees no prospect of rate increases
- Taking OCR below neutral is not the central projection
Conway media appearance after this week’s rate cut:
Conway taking a seat
This article was written by Eamonn Sheridan at www.forexlive.com.
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