RBNZ’s Orr: Not forecasting recession but do see sub-par growth

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is speaking at the August post-monetary policy meeting press conference on Wednesday, affirming the central bank’s hawkish policy tightening stance.

Key quotes

Not forecasting recession but do see sub-par growth.

New Zealand spending is underpinned by employment.

more to come ....