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RBNZ Orr: In favourable position with OCR at 1%

The Reserve Bank of New Zealand's governor, Adrian Orr has said that record-low international interest rates are a new challenge facing the Bank. 

  • RBNZ in favourable position with OCR at 1%.
  • Bank needs to be prepared for the unanticipated.

Orr was speaking in a speech at Canterbury employers' Chamber of Commerce in Christchurch. Full speech here.

 

More to come...

 

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