Numerous Uncertainties Remain, Policy May Need To Adjust Accordingly

-Policy To Remain Accommodative For ‘Considerable Period’- Lower NZD Would Help Boost Inflation, Deliver More Balanced Growth
– Expects Headline Inflation To Decline In Coming Quarters
– Risk Of Resurgence In House Prices
– Longer-Term Inflation Expectations Well-Anchored At Around 2%
– Future Headline Inflation Expected To Reach Midpoint Of Target Band Over M-Term
– House Price Growth Has Moderated Further, Moderation Is Expected To Continue
– Domestic Growth Expected To Maintain Current Pace Going Forward

NZDUSD ticks 0.2% lower to 0.7200 and AUDNZD up to 1.0900 on dovish RBNZ comments

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