RBNZ Governor Adrian Orr Speaking To Bloomberg
Wednesday, 20 May 2020, 12:01 pm
Press Release: XE.com
RBNZ Governor Adrian Orr has been speaking to
Bloomberg . The key points
mentioned are:
RBNZ’s strategy is to
keep the yield curve low &
flat Doesn’t want to the OCR
(official cash rate) to go negative at this
point Prepared for negative rate
‘but a lot later’ Reiterates
negative OCR remains one option for the
RBNZ Expects to see NZ retail
interest rates decline
further Expects bank competition
will pressure margins, lower rates The
NZD is a little higher in immediate response.
The next
OCR decision and monetary policy statement will be on the
24th June 2020.
Current indicative levels
are:
NZD-USD 0.6075 / 0.6100 NZD-AUD 0.9290 /
0.9315 NZD-EUR 0.5555 / 0.5580 NZD-GBP
0.4955 / 0.4980 NZD-JPY 65.50 /
65.75
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