RBNZ governor Adrian Orr speaks in an interview
- Wants core inflation to pick up before raising rates
- Rising wages would help to fan inflation
- Rate cut is a valid possibility
- Currency intervention is a useful tool in the right conditions
Orr once again reiterating that a rate cut is a possible option that the central bank may consider moving forward. Goes in line with his statement earlier but has more of a kick to it in this one. The use of the word "valid" is much more firm compared to "equally balanced" between a hike or cut.
NZD/USD now down to session lows of 0.6912 on the day. AUD/NZD up to highs of 1.0810 now.
