Reserve Bank of New Zealand Governor Orr press conference following the statement earlier
- many signs that household spending growth is increasing
- fiscal boost eases pressure on monetary policy
- pleased to see inflation expectations around 2%
- OCR at 1% is very stimulatory
- see jobs growth, wages growth
- still doing work on unconventional policy tools
- hope we'll never have to use unconventional policy
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Earlier:
- RBNZ leaves cash rate on hold as expected
- NZD jump on the RBNZ statement - the Bank do not forecast any rate cut this year
- Responses to the RBNZ statement - "surprised the market"
