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Orr: All Options On Table, Today Leaned Heavily Into 50bp Move

RBNZ

Orr notes that’s that 25, 50 & 75bp moves are on the table every time the RBNZ meets when questioned on the potential for further slowing of the hiking pace. Stresses “all options are on the table” with discussions focused on 50bp & 75bp moves today. RBNZ Assistant Governor Silk notes today’s conversation was heavily tilted towards a 50bp OCR hike, although upside risks linger. Orr the points to rates already moving a long way quickly, which gives the RBNZ some more flexibility and time to reflect. Orr also noted the difference in underlying economic conditions at present when questioned on the links to the RBNZ moves surrounding the ’11 earthquake.

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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