Reserve Bank of New Zealand (RBNZ) Governor, Adrian Orr, is holding a press conference about the Financial Stability Report, in Wellington. The central bank governor is yet to provide any direct guidelines about the macroeconomic moves. Key comments A few large banks having access to our offshore funding is “something we have to watch”. We will be working closely to alter the Loan to Value Ratio (LVR) if needed. More to come… About Adrian Orr Adrian Orr is the Governor of the Reserve Bank of New Zealand and has been since March 2018. The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year. FX implications The NZD/USD pair recently benefitted from the RBNZ’s upbeat Financial Stability Report (FSR). However, the broad strength of the US dollar (USD), mainly due to the trade headlines and data, will keep the kiwi pair’s run-up in the check. It should also be noted that the New Zealand central bank Governor’s public appearances have been quite hawkish off-late and hence increase the importance of December month meeting. 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 NZD/USD seesaw near four-day high after New Zealand Trade Balance, RBNZ’s Orr FX Street 3 years Reserve Bank of New Zealand (RBNZ) Governor, Adrian Orr, is holding a press conference about the Financial Stability Report, in Wellington. The central bank governor is yet to provide any direct guidelines about the macroeconomic moves. Key comments A few large banks having access to our offshore funding is "something we have to watch". We will be working closely to alter the Loan to Value Ratio (LVR) if needed. More to come... About Adrian Orr Adrian Orr is the Governor of the Reserve Bank of New Zealand and has been since March 2018. The Reserve Bank uses monetary policy to… 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.
