RBNZ Assistant Governor Silk speaking in an interview:
- Bank is taking a measured approach to rate cuts
- its uncertain how quickly inflation will fall
- the behaviour of price inflation is crucial for the cash rate path ahead
NZD/USD little changed around 0.5984
The Reserve Bank of New Zealand cut its cash rate by 25bp on Wednesday
This article was written by Eamonn Sheridan at www.forexlive.com.
