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RBNZ's McDermott sees NZD easing on Fed rate hikes

Comments from Reserve Bank of New Zealand Assistant Governor McDermott are crossing the wires via Bloomberg-

  • NZD likely to ease as Fed raises rates. 
  • Can look through CPI volatility as expectations are stable. 
  • Drop in inflation could trigger a rate cut. 
  • RBNZ has a neutral view of interest rates. 

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