RBNZ Governor Orr says low interest rates ensure the NZD remains competitive

Reserve Bank of New Zealand Governor Orr press conference following the Bank's Financial Stability Report released earlier.

Link to the news conference live is here

More:

• intends to work with the government on long term goals of housing affordability
• says already taking housing prices into account in monetary policy decisions
• says no concerns about the independence of the central bank
• we will consider our macroprudential toolkit
• debt to income may be an option

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ps. ICYMI the big news out of NZ yesterday (read from the bottom up for the chronology):

• RBNZ's Gov Orr says the Bank already gives consideration to asset prices
• RBNZ says it will engage constructively on the government proposal it adds a house price remit
• NZD is rocketing on the RBNZ house price news
• NZ government is considering adding house prices to the RBNZ mandate