RBNZ Orr has said that while the central bank will do whatever it takes to support NZ economy, the rate cut reduces probably of having to do more later. Key comments: We can afford to wait, watch and observe what’s happening. Inflation expectations is an important signal to watch. Rate cut reduces probability of having to do more later. Rate reduces probably of having to do more later. Negative can be an impactful tool broadly across the economy. The RBNZ assistant governor said if monetary policy is to be successful for a further 30 years we need to confront challenges of stubbornly low inflation, interest rates. He also has said the same comments as Orr today, yesterday. FX implications: This is what the markets have been waiting for – some form of confirmation that the RBNZ is done for now which gives the green light for a correction. NZD is up 0.30% on the comments FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/NZD drops hard on Orr’s ‘one-big-one and-done’ 50 basis point cut rhetoric FX Street 4 years RBNZ Orr has said that while the central bank will do whatever it takes to support NZ economy, the rate cut reduces probably of having to do more later. Key comments: We can afford to wait, watch and observe what's happening. Inflation expectations is an important signal to watch. Rate cut reduces probability of having to do more later. Rate reduces probably of having to do more later. Negative can be an impactful tool broadly across the economy. The RBNZ assistant governor said if monetary policy is to be successful for a further 30 years we need to confront… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
