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RBNZ’s McDermott: Further policy easing will be required

RBNZ Assistant Governor McDermott is now crossing the wires, via Reuters, speaking on the topic - ‘Understanding Low Inflation in New Zealand'.

Key Headlines:

Further policy easing will be required

RBNZ will continue to be accommodative

Annual CPI inflation for September quarter is going to be low

Inflation expected to rise in the December quarter

Fed’s Evans: Financial stability is important, but could be addressed by macro tools

Reuters reports more comments from Chicago Fed President, as he continues to make his scheduled speech in Sydney today. Key Headlines: Financial sta
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NZD/USD cuts through 0.71 on McDermott’s dovish comments

NZD/USD pair breached 0.71 handle and printed a low of 0.7076 after RBNZ’s McDermott called for more monetary easing. Kiwi trades near 50% Fibo The
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