RBNZ McDermott: Uncomfortable with level of the NZ dollar

Speaking in an interview following the Reserve Bank of New Zealand (RBNZ) policy decision today, assistant governor and chief economist McDermott talked down the domestic currency.

Key Headlines via Bloomberg:

 Uncomfortable with level of the NZ dollar

Strong NZD will compress tradable inflation

RBNZ is more circumspect on the positive news than the market

RBNZ wants to be sure of 2% inflation before hiking rates