RBNZ'S Governor Orr: chance of rate cut have not increased

Market news

13 February 2019

RBNZ'S Governor Orr: chance of rate cut have not increased

risks around rates are balanced
If growth does not pick up a rate cut may be required
exchange rate has been "remarkably well behaved in recent times"
open minded on capital requirement submissions
proposed bank capital levels well within norms

Inflation expectations are well anchored

BOJ governor Kuroda: Still believes inflation is slowly moving towards 2% target

RBNZ leaves cash rate unchanged, and said the direction of next cash rate move could be up or down

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