Monetary policy committee ready to do whatever it takes, Governor of the Reserve Bank of New Zealand (RBNZ), Adrian Orr, said in his speechmonetary policy decision press conference online Wednesday.
“Buy inflation-linked bonds to improve liquidity of this market. “
“Hopes should never use all political options.”
“Will assess the use of negative rates with other tools.”
“Wants the bond market to have more participants than the central bank alone.”
“Other instruments that we can consider buying.”
the Kiwi the dollar sees further selling pressure on accommodating comments from Governor Orr, with the NZD / USD falling further towards 0.6000. The spot posted new daily lows at 0.6022, down 0.86% on the day.