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RBNZ’s Orr: Interest rates need to remain low for a long time – Kiwi off the highs

Reuters is out with the latest comments from the Reserve Bank of New Zealand (RBNZ) Governor Orr, as he makes some dovish comments on the monetary policy.

Key Quotes:

Door is open for a rate cut if needed.

Starting to see signs of a pick up in activity.

We are in a nice position to observe data.

Lower exchange rate is adding stimulus.

Monetary policy is already very stimulatory.

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