The NZ Herald covers a CNN interview with......>

RBNZ: The NZ Herald covers a CNN interview with RBNZ Governor Orr:

- After explaining to viewers the debate in New Zealand about whether to open up

the economy further, Quest (interview host) told Orr he wouldn't "enmesh" him in

that political debate. "But I am going to ask you, how concerned you are that if

the economy did have to be restricted again, what the effect would be on the

economy," Quest said. "The simple answer is very concerned," Orr said. "This is

the challenge that everyone globally has - whilst you can contain this virus,

you have to remain on alert."

- Asked who bore the brunt of keeping the economy going, Orr said that "without

doubt" it was the Government's fiscal policy - government expenditure,

investment, training and infrastructure - that would be at the forefront of the

recovery from the economic shock of Covid-19.

- On -ve rates: "There, operationally, some banks are not ready but we've said

get ready," he said. "That's really about optionality, it's not signalling."

- The Reserve Bank was confident it had plenty of tools at its disposal and had

been very pleased with the impact quantitative easing had had, Orr said.