RBNZ’s Orr: We are now entering a different environment for rates, inflation

Market news

28 October 2021

RBNZ’s Orr: We are now entering a different environment for rates, inflation

“Monetary policy has largely run its easing course globally,” said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr during early Friday morning in Asia.

The RBNZ boss adds, “We are now entering a different environment for rates, inflation.”

More to come….

FX implications

NZD/USD remains on the front-foot, backed by the broad US dollar weakness, despite the recent pullback to 0.7200.

Japan: Tokyo CPI ex Fresh Food, y/y, October 0.1% (forecast 0.3%)

Japan: BoJ Interest Rate Decision, -0.1% (forecast -0.1%)

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