- Analytics
- News and Tools
- Market News
- RBNZ's Orr: There are capacity pressures everywhere in the country
RBNZ's Orr: There are capacity pressures everywhere in the country
Reserve Bank of New Zealand Governor Adrian Orr on Wednesday said that there are capacity pressures everywhere in the country. Orr added that the economy is running above its potential and that rate hikes would slow the desire to buy houses.
Market Reaction
NZD has not seen a reaction to the latest comments from the RBNZ governor. It is widely known that the New Zealand economy is running hot right now and that the RBNZ on course to reduce monetary stimulus over the coming years.
NZD/USD was sent tumbling during Wednesday's Asia Pacific session after the RBNZ delivered a more dovish than expected 25bps rate hike. The bank's guidance on the future path of rate hikes was not as hawkish as money markets had been expecting.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
