RBNZ's Silk: Behaviour of price inflation is crucial for cash rate path ahead

FXStreetAug 16, 2024 12:51 AM

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RBNZ Assistant Governor Karen Silk said in an interview on Friday that the New Zealand central bank is taking a measured approach to rate cuts.

Key quotes

Uncertainty remains on how quickly inflation will subside.

Bank is taking a measured approach to rate cuts.

The behavior of price inflation is crucial for the cash rate path ahead.

Market reaction

The NZD/USD pair is trading lower by 0.13% on the day to trade at 0.5983, as of writing.

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