Was Glenn Stevens’ comment misinterpreted yesterday?
The comment was:
As some of you may know, the Reserve Bank Board meeting was in Brisbane yesterday at which we deliberated for a long time to leave the cash rate unchanged.
FTAlphaville reckon he was just cracking a joke.
Interest NZ reckon that maybe his comment was misinterpreted.
Well, I reckon one thing is for sure, given the welcome further sell off of the AUD after it, I doubt Glenn Stevens really cares what anyone thinks about his comment.
