Reserve Bank of New Zealand Governor Orr Speaks. Your ability to comment is currently suspended due to negative user reports. Photo: RNZ / Dom Thomas In its six-monthly financial stability report the governor, Adrian Orr, said the big financial shocks from the pandemic have yet to be felt because of various official support measures. Mr Orr has told TVNZ1's Q+A in an interview for tonight's programme he's concerned finance companies are offering high rates. Hagen Hopkins | Getty Images News | Getty Images, New Zealand Dollar/US Dollar FX Spot Rate. Reserve Bank governor Adrian Orr. Reserve Bank of New Zealand Governor Orr Speaks. We want to hear from you. The Governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. Get this delivered to your inbox, and more info about our products and services. Sep 02, 2020. Latest Release. Replace the attached chart with a new chart ? "I expect to receive that advice towards the end of the year, and will discuss it with cabinet as soon as possible after that," Robertson said. This comment has already been saved in your, Dow Falls on U.S.-China Jitters, Profit Taking on Value Stocks, Biden names top economic advisers as Arizona, Wisconsin certify vote results, 1 Stock To Buy, 1 To Dump When Markets Open: DocuSign, Nikola, 3 Stocks To Watch In The Coming Week: Amazon, Zoom Video, CrowdStrike, Zoom Video Earnings Preview: Explosive Growth Should Justify 600% Stock Jump, Vanguard Total Bond Market II Index Fund Investor, PIMCO Commodity Real Return Strategy Institutional, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06, Equities Continue To Gain On Vaccine Hopes, RBNZ Pushes Kiwi Up, FX And The Possibility Of Thanksgiving Breakouts, Direxion Daily Junior Gold Miners Bull 2X Shares. New Zealand. New Zealandâs government has proposed adding property prices to central bankâs remit. Adrian is a 1983 undergraduate of the University of Waikato (New Zealand) and a 1985 Masters graduate (with Distinction) from the University of Leicester (England). He should either resign or set out to solve one of the world's big problems. Robertson's letter to the central bank comes amid growing pressure for the government to restrain the booming property market that has shunted aside many first home buyers and stoked bubble risks. "Undertaking this work is not to suggest the Reserve Bank bears responsibility for house prices, but simply that it should have regard to something that is influenced by monetary policy.". "I believe that it is far more complex than simply increasing or … In a letter to RBNZ Governor Orr released to the media, Robertson said housing price instability was harmful to the government's aim to reduce inequality and poverty. New Zealand's central bank on Monday, March 16, 2020 cut the benchmark interest rate to a record low 0.25%. His public engagements are often used to drop subtle clues regarding future monetary policy. ... Reserve Bank of New Zealand Governor Adrian Orr … Robertson said he was not proposing any changes to the mandate or the independence of the central bank. The majority of global equity indices continued to march higher on Tuesday and during the Asian morning Wednesday following the positive news over a potential coronavirus vaccine, but the latest gains... Kathy Lien is Managing Director of FX Strategy for BK Asset Management So, what else can we expect from the RBNZ tomorrow? Watch: Reserve Bank of New Zealand Governor Adrian Orr says the central bank is determined to head off unnecessarily low inflation or even deflation. %USER_NAME% was successfully added to your Block List. 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