- It is crucial that the central bank has, and is perceived to have, full operational independence
- Do not have to look far to see that central bank independence is under attack around the world
His speech is centering around the topic of central bank independence. As such, don't expect too much on policy remarks or anything too impactful on the kiwi dollar. As things stand, traders are pricing in ~92% odds of a 25 bps rate cut for the next meeting in November.
