“The central bank remains committed to providing more stimulus if needed“said the Governor of the Reserve Bank of New Zealand (RBNZ) Adrian Orr while speaking in the press conference after the monetary policy decision on Wednesday.
Additional comments:
We want to keep all the stimulus options.
I always talked about negative rates as an available option for us.
You are well aware of the global increase in bond yields.
I hope the economy will keep on the road to recovery.
Monetary policy is consistent with the objectives of the central bank.
If conditions tighten, we will modify our monetary policy setup.
You have to be patient and brave with monetary policy to meet the objectives.
OCR can go down.
RBNZ Deputy Governor Christian Hawkesby has spoken with Governor Adrian Orr and noted that the central bank wants to have a downward influence on the yield curve.
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