Reserve Bank of New Zealand Governor Orr speech today
- New Zealand is in a sound position to both seize the opportunities and manage the challenges associated with the global low interest rate environment
- low global interest rates primarily reflect low and stable inflation rates
- a "deliberate and desired" outcome of monetary policy
- However, many central banks are facing the challenge of inflation consistently running below target
"The good news for New Zealand, unlike many other OECD economies, is that our government's books are in good shape, with room to expand investment,
- and there is already a strong fiscal impulse underway from public spending and investment."
Full text Opportunity or Risk? Our choice
more to come
