This week's RBNZ rate decision is starting point for new committee, says governor

Thu, 28 Mar 2019

By Rebecca Howard March 29 (BusinessDesk) - Reserve Bank of New Zealand governor Adrian Orr said this week's shift to a more dovish stance wasn't his "last swing at the bat" as the sole decision maker but rather is the starting point of the new committee that will take over the reins on April 1. In Wednesday's monetary policy decision, the central bank took markets by surprise when Orr said that the next move was likely to be a rate cut, a switch from its previous more neutral message. Markets reacted harshly, with the kiwi dollar tu...

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