• RBNZ assistant governor says "we are not fortune tellers" in world of radical uncertainty

Market news

15 May 2017

RBNZ assistant governor says "we are not fortune tellers" in world of radical uncertainty

  • Macroeconomics statistics used for inflation targeting one "significant limiting factor" to forecast improvement

  • Monthly CPI data would improve bank's forecasting ability

  • Most likely scenario is for the OCR to remain stable for some time, though "uncertainty remains high

Chinese president XI says needs to speed up rail, road and other infrastructure cooperation
China's industrial production and retail sales somewhat mixed
Market Focus
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