RBNZ Governor Orr says might have to do negative interest rates

Reserve Bank of New Zealand Governor Orr's press conference

• might have to do negative interest rates
• today's cut reduces the risk of having to use negative rat4es

Earlier Orr:

• RBNZ Governor Orr says today's interest rate cut does not rule out further action

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If you are just tuning in, background:

• RBNZ cut the New Zealand cash rate by 50bps, bigger than expected
• RBNZ cuts the cash rate by a whopping half a percent - NZD down a big figure
• Another bank calling more RBNZ rate cuts ahead (November)

More:

• Another RBNZ rate cut ahead - further cut in November on the way
• AUD dropping with the NZD
• NZD under 0.6450, big drop on the surprise from the RBNZ

more to come