RBNZ governor firmly dovish

Tue, 30 Jun 2020

New Zealand’s reserve bank will not raise interest rates and could go negative, RBNZ governor Adrian Orr reiterated today. “We have no intention of raising interest rates. Our task now and for the foreseeable future is get them down, keep them down,” he told the AM Show. “The game here is monetary policy stimulus, without doubt,” he added. He reiterated that the bank has committed to keeping the official cash rate at 0.25 percent for at least 12 months and he didn’t rule out negative interest rates. "We’ve been saying to banks. Get...

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