RBNZ assistant governor Hawkesby says rate cut and other measures announced on Monday give the Bank sufficient time to reassess situation
- says message received from banks was they were not all ready for negative interest rates
- says stopping at 0.25% gives signal that RBNZ not looking to go to zero or below zero
- says RBNZ will not announce a limit or cap on any particular unconventional tool
- says evidence suggest this is a global and domestic economic shock of medium-term nature
