RBNZ Gov Orr: Keeping stimulative policy for now

Reserve Bank of New Zealand Governor Adrian Orr, in a speech at a parliamentary committee hearing, noted that the New Zealand central bank is "happy" with how things are developing as the RBNZ keeps their fingers on the button.

Key highlights

Orr, RBNZ is "comfortable" with their feet on the accelerator regarding monetary policy.

Orr hopes to keep pushing economic growth "beyond potential".

Sufficient time to change policy statement following the employment report (which crushed expectations and saw unemployment decline to 3.9%, despite a jump in the participation rate).

 

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