Reserve Bank of New Zealand Governor Orr's press conference
- might have to do negative interest rates
- today's cut reduces the risk of having to use negative rat4es
Earlier Orr:
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If you are just tuning in, background:
- RBNZ cut the New Zealand cash rate by 50bps, bigger than expected
- RBNZ cuts the cash rate by a whopping half a percent - NZD down a big figure
- Another bank calling more RBNZ rate cuts ahead (November)
More:
- Another RBNZ rate cut ahead - further cut in November on the way
- AUD dropping with the NZD
- NZD under 0.6450, big drop on the surprise from the RBNZ
more to come
