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BBG has carried some comments from RBNZ........>

RBNZ
RBNZ: BBG has carried some comments from RBNZ Deputy Governor Bascand who has
noted that:
- New Zealand remains vulnerable to external shocks, although he deemed the
economy to be in "a good space."
- Lower rates may still be needed to achieve the RBNZ's objectives, noting that
there is a "reasonable prospect" that the OCR will need to go lower.
- Bascand also stated "if we've got it wrong then we will make adjustments."
- He also revealed that the RBNZ's capital review decision is due to be released
in the first week of December.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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