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RBNZ Gov. Orr: Downside risks to the economy have lessened

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said he sees reduced downside risks to the economy while speaking in a Bloomberg TV interview early Friday.

Key quotes

“RBNZ sees economic conditions improving.”

“Seeing wage pressure in some sectors only.”  

“Unconcerned about generalised wage pressures.”  

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