RBNZ Gov Orr Speaks

Event Date: Tuesday, November 26, 2019
Event Time: 22:00 CET

RBNZ Refrained From Cutting Rates Again in the Last Meeting

Updated Sunday, November 24, 2019
RBNZ Governor Adrian Orr is due to speak about the future of New Zealand’s monetary policy framework and the economic projections of the Reserve Bank of New Zealand, in Wellington. Audience questions are expected, which will make his speech very interesting for NZD traders. Recently we have seen four major central banks shift from neutral/hawkish to dovish/neutral. The New Zealand economy has weakened as well as the other developed economies. The RBNZ cut interest rates in the May meeting, so it would be interesting to see where they stand now. But the RBNZ held interest rates unchanged in the last meeting, despite anticipation of another 25bps cut. So, there's a chance that this speech today might sound less dovish than previously.

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About RBNZ Gov Orr Speaks
RBNZ Governor Adrian Orr is due to hold a press conference about the Financial Stability Report, in Wellington.
More hawkish than expected is good for currency. RBNZ Governor Mar 2018 - Mar 2023. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy
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