Market ‘perfectly priced’ for placeholder monetary review

Market ‘perfectly priced’ for placeholder monetary review
Dan Brunskill
New Zealand shares and the kiwi dollar rose as the Reserve Bank of NZ left all monetary policy settings unchanged and hinted it could hold there well into 2022. Kiwi Bank chief economist Jarrod Kerr said interest rate markets are perfectly priced for the central bank’s predictable ‘least regrets’ approach. “Today’s ‘review’ was nothing more than a stepping-stone ahead of the full May statement,” he said in a note.Even so, currency traders reacted positively to the RBNZ’s short stat...