• RBNZ governor Orr says key risks for rate cut are international growth faltering, or international financial conditions tightening

Market news

10 May 2018

RBNZ governor Orr says key risks for rate cut are international growth faltering, or international financial conditions tightening

  • "Door is open to both a rate cut and a rate rise"

  • Decision was unanimous across monetary policy committee group

  • Inflation "is a concern and that's why we're keeping monetary policy expansionary"

  • Tail off in house prices is a "positive thing" for financial stability concerns; has not yet gone far enough

  • Will make changes at RBNZ as governor, including greater communication

  • "Personally I'm surprised how low business confidence is" in NZ

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