RBNZ governor does not rule out cutting interest rates

24 Aug 2018 09:39 AM

Reserve Bank of New Zealand governor, Adrian Orr confirmed in a television interview with Bloomberg that he did not rule out a rate cut decision so far. His most prominent statements were as follows:

  • Expectations to raise or reduce the interest balanced.
  • Very happy with the New Zealand dollar exchange rate in the recent period.
  • We are not in a hurry to raise interest rates.
  • New Zealand's economic fundamentals are strong.
  • There are significant risks facing business investments.
  • One of the biggest challenges we face is getting inflation to rise.
  • The New Zealand economy is supported by the exchange rate.
  • Optimistic about global economic growth.

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