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Orr: October Meeting Is "Live" (BBG)

RBNZ

RBNZ Governor Orr told BBG that October is a live meeting when it comes to interest rates, which will not shock participants. Orr stressed that COVID cases in isolation will not prevent a rate hike, with a significant shock to NZ demand required to change the Bank's central view. Orr also underscored the need to focus on the Bank's mandate, with a requirement to keep inflation expectations anchored. Orr also reiterated the Bank's plan to normalise interest rates over the coming years (reaffirming the 2.00% "neutral" level of the OCR in the process).

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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