RBNZ Bascand: Monetary policy should remain accommodative

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Reserve Bank of New Zealand Deputy Governor Geoff Bascand is giving a speech on New Zealand's Labour Market, noting that monetary policy should remain accommodative.


    Labour supply and demand roughly in balance

    Strong labour supply factor in keeping policy accommodative

    Recent increases in real wages unsustainable in long run without higher productivity

    Concerned recent declines in inflation expectations could become embedded in low wage settlements
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