RBNZ Orr: In favourable position with OCR at 1%
|The Reserve Bank of New Zealand's governor, Adrian Orr has said that record-low international interest rates are a new challenge facing the Bank.
- RBNZ in favourable position with OCR at 1%.
- Bank needs to be prepared for the unanticipated.
- Says quite happy where rates are for the time being.
Orr is speaking at Canterbury employers' Chamber of Commerce in Christchurch. Full speech here.
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