More chance of an easing by the RBNZ to be priced in - Westpac

FXStreet (Bali) - According to Westpac, interest rate market will price in more chance of an easing by the RBNZ following today's employment data.

Key Quotes

"The market is focusing on the inflation piece because the Reserve Bank told us that one of the conditions for easing is if price setting behaviour settles at a lower level."

"While the central bank forecast wage inflation should be unchanged it has in fact fallen and therefore interest rate market will price in more chance of an easing"