RBNZ Gov Orr Says Negative Rates Are Within The Realm Of Possibility

Reserve Bank of New Zealand  Governor Orr speaking to a parliament committee and 

  • Says negative rates are within the realm of possibility
  • easily within errors of margin of forecasts to end up in a position where negative interest rates needed to stimulate the economy
  • US-China trade war issue has lingered too long, creating global economic uncertainty

RBNZ Hawkseby (Assistant Governor/GM Economics, Financial Markets and Banking) says near term growth will stay relatively subdued

Orr spoke on the potential for negative rates in his press conference, see bullets below for more. 

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