RBNZ Gov. Orr says assumes coronavirus impact will last 6 weeks

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of New Zealand Governor Orr press conference following the statement earlier

  • many signs that household spending growth is increasing
  • fiscal boost eases pressure on monetary policy
  • pleased to see inflation expectations around 2%
  • OCR at 1% is very stimulatory
  • see jobs growth, wages growth
  • still doing work on unconventional policy tools
  • hope we'll never have to use unconventional policy
  

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Earlier:

Reserve Bank of New Zealand Governor Orr press conference following the statement earlier


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