RBNZ's Orr says investors need to put their money to work

Thu, 08 Aug 2019

By Rebecca Howard Aug. 8 (BusinessDesk) - Reserve Bank governor Adrian Orr downplayed concerns that depositors will be hard hit by the latest rate cut, arguing that investors need to put their money to work better. “When you have lower interest rates you have to be thinking much harder around the form of investment,” he told Parliament's finance and expenditure select committee after cutting the official cash rate by 50 basis points to a record low 1 percent on Wednesday. “The form of investment means putting your capital more to work,...

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