NZ media reports comments from RBNZ Gov Orr - room to cut rates if required

Reserve Bank of New Zealand Governor Orr in an interview with NZ's National business Review (gated)

  • is not "particularly worried" about a recent slowdown in New Zealand economic growth
  • NZ relative to the rest of the world - "we're in a pretty good spot"

NZ has

  • strong labour market
  • a strong fiscal position
  • good terms of trade
  • room to cut interest rates if required
  • exchange rate "has been behaving well"
  • not concerned if the government borrows more to boost spending
Reserve Bank of New Zealand Governor Orr in an interview with NZ's National business Review (gated)

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