RBNZ's Hawkesby says RBNZ projections assume NZD will fall

Reserve Bank of New Zealand Assistant Governor Hawkesby

  • Sees no need to adjust stimulus after the government budget
  • fiscal stimulus is in the same ballpark as the RBNZ assumption
  • RBNZ may not need to increase the size of the QE program
  • need to nimble, open minded on stimulus

Speaking in an interview, headlines via Bloomberg

Reserve Bank of New Zealand Assistant Governor Hawkesby
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