RBNZ’s Orr: US - China trade war one of the Bank's major concerns

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is on the wires now, speaking at post-monetary policy meeting press conference.
The RBNZ cut its Official Cash Rate (OCR) to a fresh record low of 1.50% earlier today amid bleak NZ economic situation.
Key Quotes:
There are large uncertainties around the rate track for New Zealand.
US - China trade war one of the Bank's major concerns.
Surprised by weaker downturn in business sentiment and consumer spending.
Looking forward outlook looks to be more balanced than before cut.
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.

















