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...