Reserve Bank of New Zealand Governor Orr press conference
Follows the RBNZ decision to leave its cash rate on hold
- policy very stimulating at present
- we'll add more stimulus if needed
- rates will stay low for a while to come
- lower NZD has supported earnings
(those above what we've had already in statement)
QnA with the media now:
- predicting economy to pick up in new year (Hawkesby with that)
- policy stimulatory, will be for a long time, will act again if necessary (Orr)
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Earlier:
- NZD jumps on the 'on hold' RBNZ interest rate decision
- RBNZ leave cash rate on hold - summary of statement
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Note - the next RBNZ meeting is on February 12 2020