RBNZ Gov Orr says NZ dollar appreciation has moderated returns for exporters

Policy announcement earlier:

• RBNZ leaves cash rate unchanged, boosts asset purchase program

Remarks at the presser:

• says NZ dollar appreciation has moderated returns for exporters
• fiscal policy remains primary responder to crisis
• yesterday's new outbreak did not materially impact decision today
• RBNZ does not have more information on the cov1COVID-19 outbreak than is publicly known
• health the key downside risk, risks still skewed to the downside
• path the stable inflation, full employment is low rates and low NZ dollar
• want to actively get bond yields lower