RBNZ Gov Orr press conference on today's monetary policy decision

Reserve Bank of New Zealand governor Adrian Orr

The news from the Reserve Bank of New Zealand so far;

• RBNZ leaves cash rate unchanged

And, for the NZD;

• NZD jumps on the RBNZ announcement, drags AUD up a bit too

Comments to come, live link is here

• Says the chance of a rate cut has not increased

Mr. Orr not helping out the kiwi shorts with that remark ….

• Risks around rates are balanced
• If growth does not pick up a rate cut may be required