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.