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RBNZ gov. Orr: Coronavirus poses downside risks to outlook

Reserve Bank of New Zealand's governor, Adrian Orr, is crossing the wires and has stated that he is seeing real wages start to pick up and repats yesterdays comments that low rates remain necessary.

Key comments

  • Coronavirus poses downside risks to outlook.

FX implications

A 'hawkish' RBNZ leaves OCR on hold at 1.0% 

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