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Key points from a BBG interview with RBNZ......>

RBNZ
RBNZ: Key points from a BBG interview with RBNZ Deputy Gov. Hawkesby, little to
rock the boat it seems:
- Highlights that the Bank is watching inflation expectations closely and he is
confident of lifting inflation after yesterday's 50bp cut.
- Outlines that unconventional tools are a contingency plan if "inflation tanks"
and would be only implemented if conventional policy tools were "exhausted."
Much the same as Governor Orr he noted that yesterday's 50bp cut reduces the
probability of having to enact unconventional monetary policy tools.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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