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Governor ORr Wants To Retain Optionality Re: -ve OCR

RBNZ

RBNZ Governor Orr has stressed that the RBNZ wants the right and not the obligation to implement a negative OCR, with economic context being the driving factor behind future monetary policy.

  • Orr noted that the recent economic rebound was pleasing to see, but stressed that downside risks remain as long as the spread of COVID-19 persists, with risks currently skewed to the downside.
  • Orr reiterated the Bank's focus on the medium term.
  • Headlines were covered by BBG.
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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