RBNZ governor Adrian Orr with some comments

  • A lower NZD after yesterday's meeting is "a good thing"
  • Inflation being impacted by backward looking price-setting behaviour
  • Biggest hope for next week's national budget is further investment expenditure
  • Market seems to have finally listened to message that "rates will remain low for considerable period of time"

Orr not seemingly done in his efforts to jawbone the kiwi lower. NZD/USD has risen back up following the lows near 0.6900 yesterday as the dollar slumped, currently trading at 0.6967 - relatively unphased from Orr's comments above.