RBNZ: inflationary pressure less than anticipated

FXStreet (Bali) - RBNZ Chief Wheeler, speaking at a press conference, said that inflationary pressure is less than the RBNZ anticipated, a comment that should be interpreted as a dovish sign, and therefore negative input for the NZD.

Wheeler added that the current pause in rate hikes depends on inflation and the level of the Kiwi, while also saying that a move towards budget surplus is likely to be a drag on growth.