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IMF: RBNZ should stand ready to ease further if necessary

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The RBNZ should stand ready to ease further if necessary, said the International Monetary Fund on Monday, adding that NZD is now less overvalued than it was.

    Headlines

    Still might be around 10% overvalued ... but "uncertainties around these estimates"

    Say the current accommodative monetary stance appropriate

    If needed, RBNZ should stand ready for further easing given low inflationary pressures and below potential output

    Economy continues to perform well

    Fall in dairy prices

    Slowing in Canterbury rebuild

    Slower growth in economies offshore of trading partners

    Medium-term prospects remain positive
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