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RBNZ's Mcdermott: "would be good if NZD fell a little bit further"

Following today's announcements from the RBNZ where the OCR forecast was tweaked slightly in a hawkish direction for 2019 and where Spencer had previously said in the presser that the Kiwi was at fair value, Reserve Bank of NZ's assistant governor, Mcdermott, said it would be good if NZD fell a little bit further.

  • He also said inflation has gone up because of temporary factors, "we always look through those".

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Japan Bank lending (YoY) came in at 2.8% below forecasts (3%) in October

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