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RBNZ Orr: In favourable position with OCR at 1%

The Reserve Bank of New Zealand's governor, Adrian Orr has said that record-low international interest rates are a new challenge facing the Bank. 

  • RBNZ in favourable position with OCR at 1%.
  • Bank needs to be prepared for the unanticipated.

Orr was speaking in a speech at Canterbury employers' Chamber of Commerce in Christchurch. Full speech here.

 

More to come...

 

GBP/JPY Price Analysis: Marks another U-turn from 144.60

Having registered one more failure to cross 144.60 the previous day, GBP/JPY pulls back to 144.35 amid the Asian session on Friday.
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China's Hubei province confirms 411 new cases of coronavirus, and 115 new deaths as of Feb 20

China's Hubei province confirms 411 new cases of coronavirus, and 115 new deaths as of Feb 20 More to come...
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