Reserve Bank of New Zealand Governor Orr's press conference post is here

  • RBNZ Governor Orr says today's interest rate cut does not rule out further action

He is sounding very confident indeed on his surprise decision to cut rates 50bps today.

AUD and NZD falling further.

Reserve Bank of New Zealand Governor Orr's press conference post is here

Chart is the kiwi, but should also note AUD/USD is at fresh decade lows and under 0.67