RBNZ's Orr urges business, govt to take advantage of cheap finance

Wed, 28 Aug 2019

By Rebecca Howard Aug. 28 (BusinessDesk) - Reserve Bank governor Adrian Orr wants businesses and government to take advantage of low interest rates and invest in long-term projects, but says savers may need to re-think relying on low-risk term deposits. "Businesses and governments should be re-assessing their hurdle rates on their investment projects. Low and stable global interest rates mean that what was once costly may now be a sound investment for the future," he said in a comment published on the Reserve Bank's web site after attend...

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