RBNZ’s Orr: Positive position that policy may need to tighten sooner than other countries

Additional comments are crossing the wires from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr, as he continues to speak at the post-monetary policy meeting press conference.

Key quotes

“Biggest concern at present is about containing inflation expectations.”

“Positive position that policy may need to tighten sooner than other countries. “

“Talking about re-normalizing monetary policy.”

Market reaction

NZD/USD is holding the higher ground near 0.6950, looking to extend its rebound from nine-month troughs. The spot is up 0.37% on the day.