Brocker.Org: RBNZ’s McDermott: OCR should remain stable but “uncertainty remains high”

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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.

Key Headlines:

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

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