RBNZ’s Silk: There will be no pause in tightening

“The projected cash rate peak is not set in stone,” Reserve Bank of New Zealand (RBNZ) Assistant Governor, Karen Silk expressed her view Friday.

The news allows NZD/USD to remain firmer even as the geopolitical fears join broad US Dollar strength to challenge the bulls. The reason could also be linked to the early week RBNZ rate hike worth 0.25%.

the NZD’s pair holds onto its rebound from the weekly low surrounding 0.6200, picking up bids to 0.6230 by the press time.

Key Quotes

All rate hike options are on the table for the April meeting.

The RBNZ will do all it takes to control inflation.

There are still concerns on the inflation forecast.