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Trading news
9 Nov 2017
RBNZ's McDermott - NZD 'looks about right', in no rush to raise rates
RBNZ's McDermott tries tries a balancing act while talking to bloomberg, says the central bank is in no rusk to rates rates.
The Kiwi dollar strengthened earlier today after the RBNZ brought forward the forecast of the rate hike to the second quarter of 2019 from the third quarter.
Key quotes
NZD 'looks about right'
Core inflation needs to pick up to change stance