In a Reuters interview on Friday, Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said that “interest rates are in 2.5%-3.5% neutral band.”
Additional quotes
Impact of past cuts yet to flow through, strong export sector are arguments for not going below neutral.
Data will decide when or if we cut further from here.
“Enormous” uncertainty around US trade policy, cannot react to every twist and turn.
Market reaction
At the time of writing, NZD/USD Is trading modestly flat on the day near 0.5960.
