Gov Orr:
misunderstanding that RBNZ projections show slower pace of rate cutsprojections are consistent with 50bp cut in February depending on economyexpect more volatility in prices because of geopoliticsdid not discuss cutting by 75bp (amends that to say very little discussion of 75 or 25)policy committee can meet at any time if needed
You can view the press conference here:
RBNZ Monetary Policy Statement Media Conference – live link
The Bank cut rates earlier:
Reserve Bank of New Zealand cuts cash rate by 50bp, as expectedNew Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cutWhat is the Reserve Bank of New Zealand even doing? This is a horror ‘typo’/link
This article was written by Eamonn Sheridan at www.forexlive.com.