RBNZ Gov Orr says NZ domestic economic activity has been more resilient than earlier assumed

RBNZ policy announcement can be found here:

• RBNZ leaves cash rate unchanged, LSAP NZD100bn

More at the RBNZ website, link: More monetary stimulus provided

Governor Orr press conference now:

• says economic activity domestically and internationally has been more resilient than earlier assumed
• inflation and employment have been below target for a long time
• We expect banks to lend responsibly and avoid undue risks

more to come