RBNZ Orr: New Zealand has capacity to respond to coronavirus impact

Additional comments are crossing the wires from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr, as he continues to speak about their readiness to counter the impact of the coronavirus outbreak on the economy.

Key comments

Lower bound for interest rates could be in negative territory but for now hard to ascertain anything.

New Zealand has capacity to respond to coronavirus impact.

• RBNZ's Orr: 50 bps rate cut last year has bought us an enormous amount of time