RBNZ Governor Orr: It makes sense for the RBNZ to watch and wait for now

Dhwani Mehta FXStreet

Reuters reports fresh comments from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr delivered last minutes, as he appeared before New Zealand Parliament's Finance and Expenditure Committee.

Key Points:

It makes sense for the RBNZ to watch and wait for now.

We have time to watch, wait and worry on policy.

Earlier today, the RBNZ left the official cash rate on hold at a record low of 0.75%, knocking-off the NZD/USD pair sharply lower towards 0.6650 levels on a dovish RBNZ statement.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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