RBNZ's McDermott says central bank forecasts are 'conditional', open to change

Thu, 04 Feb 2016

By Tina Morrison Feb. 4 (BusinessDesk) - New Zealand's central bank stressed that its forecasts are conditional, and open to change as new information arises. "It is important that financial market participants and the public understand the 90-day interest rate is a conditional projection," Reserve Bank assistant governor and head of economics John McDermott said in a speech to the Goldman Sachs Annual Global Macro Conference in Sydney. "It is not a commitment from the bank to a specific set of actions. The uncertainties faced in forecast...

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