RBNZ assistant governor McDermott is on the wires now, via Reuters, making a scheduled speech titled “The Value of Forecasting in an Uncertain World,” Christchurch.
OCR should remain stable but “uncertainty remains high”
Monthly CPI data would improve the RBNZ’s forecasting ability
We are not fortune tellers in a world of radical uncertainty
Macroeconomics stats used for inflation targeting one significant limited factor to forecast improvement