RBNZ's Silk: Behaviour of price inflation is crucial for cash rate path ahead
FXStreetAug 16, 2024 12:51 AM
RBNZ Assistant Governor Karen Silk said in an interview on Friday that the New Zealand central bank is taking a measured approach to rate cuts.
Key quotes
Uncertainty remains on how quickly inflation will subside.
Bank is taking a measured approach to rate cuts.
The behavior of price inflation is crucial for the cash rate path ahead.
Market reaction
The NZD/USD pair is trading lower by 0.13% on the day to trade at 0.5983, as of writing.
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