NZ RBNZ Press Conference
It's among the primary tools the RBNZ uses to communicate with investors about monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;
The press conference is about 30 minutes long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions sometimes lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the RBNZ website real-time;
- History
| Expected Impact / Date | Description |
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| Nov 26, 2024 | |
| Aug 13, 2024 | |
| May 21, 2024 | |
| Feb 27, 2024 | |
| Nov 28, 2023 | |
| Aug 15, 2023 | |
| May 23, 2023 | |
| Feb 21, 2023 | |
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- NZ RBNZ Press Conference News
From @financialjuice|Nov 26, 2024post: RBNZ GOV. ORR: PROJECTIONS ALIGNED WITH 50 BASIS POINT CUT IN FEBRUARY DEPENDING ON ACTIVITY post: RBNZ Gov says it's a misunderstanding that RBNZ projections show slower pace of rate cuts https://t.co/r948a0qSmb post: RBNZ Gov Orr says they didn't discuss -75bps today but is keen to highlight that OCR track is lower than Aug and implies that their starting assumption is -50bps in Feb: pic.twitter.com/YNnl4oeREe
From rbnz.govt.nz|Nov 26, 2024video The Monetary Policy Statement is published on our website and announced to financial markets at 2pm (NZT) and then emailed to our news subscribers and shared on our X/Twitter account. It can take a few minutes for information to appear on our website. We reserve the right to make changes to timing if required due to unexpected developments. In that unlikely event, we would give the markets and the media as much warning as possible.
From @financialjuice|Aug 13, 2024|1 commentpost: RBNZ'S ORR CONSIDERS 50BP RATE CUT, DECIDES ON 25 AS PER CONSENSUS post: RBNZ GOVERNOR ORR: WE CAN BEGIN NORMALIZATION OF INTEREST RATES post: RBNZ GOVERNOR ORR: DARKEST PERIOD FOR ECONOMY IS RIGHT NOW post: RBNZ'S ORR: 25 BASIS POINT RATE CUT IS A RELATIVELY LOW-RISK STARTRBNZ Governor Orr: Confident inflation back in its target band Reserve Bank of New Zealand Orr: • Confident inflation back in its target band. • Can commence re-normalising rates. • We considered a range of moves and consensus was for 25bps.
From rbnz.govt.nz|Aug 13, 2024video After the media conference, a recorded copy of the livestream will be available on this page and on YouTube the following day.
From forexlive.com|May 21, 2024|1 commentGovernor Orr speaking at the Reserve Bank of New Zealand Monetary Policy Statement media conference. He is sounding a little less hawkish than the Statement. Q&A: • Will take time for domestic inflation to decline. • Economy has lower potential growth rate, unsure if that is temporary. • Have limited upside room for inflation surprises. • Pleased that inflation expectations are falling, need to fall further. • OCR track is a central projections, not an absolute prediction.
From rbnz.govt.nz|May 21, 2024video At 2pm we publish: the official cash rate our Monetary Policy Statement our media release about the Monetary Policy Statement. The Monetary Policy Statement is published on our website and announced to financial markets at 2pm (NZT) and then emailed to our news subscribers and shared on our X/Twitter account. It can take a few minutes for information to appear on our website. We reserve the right to make changes to timing if required due to unexpected developments. In that unlikely event, we would give the markets and the ...
From @LiveSquawk|Feb 27, 2024|14 commentspost: RBNZ’s Orr: New Zealand Economy Has Evolved ‘Broadly’ As Expected - C.Banks May Have To Hold Rates Higher Than Markets Expect - Discussed Rate Hike, But Strong Consensus That Rates Were Sufficient
From player.castr.com|Feb 27, 2024The Monetary Policy Statement is published on our website and announced to financial markets at 2pm (NZT) and then emailed to our news subscribers and shared on our X/Twitter account. It can take a few minutes for information to appear on our website. The Monetary Policy Statement media conference starts at 3pm.
| Released on Nov 26, 2024 |
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| Released on Aug 13, 2024 |
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| Released on May 21, 2024 |
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| Released on Feb 27, 2024 |
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