RBNZ’s Orr: Room to cut rates if required, we are in a pretty good spot

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Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr appeared for an interview before New Zealand’s National Business Review.

The central bank governor said that there still prevails a room to cut rates if required while showing less worry about a recent slowdown in New Zealand economic growth as saying “we’re in a pretty good spot”.

Mr. Orr then went on to describe what the Kiwi economy has. He said they have a strong labor market, a strong fiscal position, good terms of trade while exchange rate “has been behaving well” 

However, there is still room to cut interest rates if required and he is not concerned if the government borrows more to boost spending.

The NZD/USD pair remained strong after the comments as it trades near 0.6630 on early Friday.

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