Reserve Bank of New Zealand Governor Orr media conference following the rate cut decision.
Earlier:
- RBNZ announce rate cut
- More on the RBNZ cutting its cash rate
- Minutes of the RBNZ meeting enumerated the risks facing NZ economy hence the cut
Live link if you'd prefer: Watch the live-stream of the media conference from 3pm.
- large uncertainties around the rate track for New Zealand
- US - China trade war one of the Bank's major concerns
- Surprised by weaker downturn in business sentiment and consumer spending
- Looking forward outlook looks to be more balanced than before cut
If you're happy and you know it clap your hands!
