RBNZ Gov. Orr says the Bank can begin easing before inflation comes down to 2%

Orr speaking a Bloomberg TV interview

• Can start to ease before inflation hits 2%

• Don't want to risk inflation expectations blowout
• Our patience on inflation hasn't run out

• No one piece of data that policy will hinge on

Earlier:

• RBNZ Governor Orr said the biggest risk we run is not getting inflation low and stable

Yesterday's policy decision and press conference:

• ForexLive Asia-Pacific FX news wrap: NZD jumped on a more hawkish RBNZ Statement

NZD/USD update: