Negative rate talk

NZD lower on the headline from Reuters that cites an unnamed RBNZ official.

At the same time, Bloomberg is quoted the RBNZ’s Hawkesby:

  • Inflation seen well below target next 3 years

And the RBNZ’s Ha:

  • Rather do too much too son than too little too late
  • We’d rather be aggressive with stimulus
  • Low interest rates are effective
  • Looking at tiering regime for negative rates plan

NZD/USD did not join in on Wednesday’s risk rally and is lower on these headlines.

NZDUSD chart

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