Reserve Bank of New Zealand Governor Orr speaking to a parliament committee

  • Says negative rates are within the realm of possibility
  • easily within errors of margin of forecasts to end up in a position where negative interest rates needed to stimulate the economy
  • US-China trade war issue has lingered too long, creating global economic uncertainty

RBNZ Hawkseby (Assistant Governor/GM Economics, Financial Markets and Banking)

  • says near term growth will stay relatively subdued

Orr spoke on the potential for negative rates in his press conference, see bullets below for more.

If you missed yesterday's RBNZ action: