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RBNZ’s Christian Hawkesby is crossing the wires and has said that the  50bps cut reduces the chance of an unconventional policy.  

Key comments:

  • Monetary policy still effective

More to come…

About  RBNZ’s Christian Hawkesby

Christian is Assistant Governor/General Manager of Economics, Financial Markets and Banking. He is responsible for the full cycle of monetary policy formulation, implementation and maintenance of liquidity in financial markets, provision and circulation of currency, and the operation of interbank payment and settlement systems.

FX implications

Should give some lvel confidence back to the NZD.