Reserve Bank of New Zealand Deputy Governor Geoff Bascand in an interview with Radio New Zealand.
Bascand said "I really can't comment" on where NZ interest rates are going now
- "other than that we've said we think they need to remain low for quite a long time."
Also
- economy is doing better
- economy still needs support, will do for some time
- RBNZ needs to achieve its inflation and employment goals
- sees they are will be some higher inflation in the short term this year
- there are some supply constraints
- thinks inflation factors are only temporary though, will continue to assess this view
NZD small moves only on the remarks:
