RBNZ’s Orr: Monetary Policy Committee is prepared to do whatever it takes
|The Monetary Policy Committee is prepared to do whatever it takes, said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr while addressing the post-monetary policy decision press conference online on Wednesday.
Additional quotes
“Buying inflation linked bonds to improve liquidity of that market.”
“Hopes never have to use all policy options.“
“Will be assessing use of negative rates along with other tools.”
“Wants bond market to have more participants than just central bank.”
“Other instruments we can consider buying.”
“Purchasing foreign assets is a tool available.”
“A long way away from buying govt bonds in primary market.”
Market reaction
The kiwi dollar is seeing some fresh selling pressure on the dovish comments from Governor Orr, with NZD/USD falling further towards the 0.6000 handle. The spot prints fresh daily lows at 0.6022, down 0.86% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.