RBNZ's Orr: NZD currently around "happy space", easing bias remains in place for now

Reserve Bank of New Zealand  Governor Adrian Orr is out on the wires stating that the New Zealand dollar's exchange rate is around a happy space and the monetary policy easing bias remains in place for now. 

Key quotes

• Softer economic conditions in the US, Europe, China contributed to the dovish tone.
• Possibility Q1 inflation undershooting forecasts already factored into bank's dovish bias.