RBNZ’s Orr: Responding with urgency to a breach of one of bank’s data systems

Dhwani Mehta FXStreet

In the event of an unfortunate incidence, the Reserve Bank of New Zealand (RBNZ) Adrian Orr had to make a statement on Sunday, announcing a breach of one of its data systems.

Key quotes

“The nature and extent of information that has been potentially accessed are still being determined, but it may include some commercially and personally sensitive information.”

“More extreme events have a low probability but are still plausible.”

Market implications

The kiwi dollar could see some downward pressure at the weekly opening in Asia, with NZD/USD seen extending Friday’s losses below 0.7250.

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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