Reserve Bank of New Zealand governor Adrian Orr has said, "we entered the crisis with banks in a strong position." Hawkesby also crossed the wires saying, "Monetary policy can't offset virus but can soften the blow." More to come... Meanwhile, we await a speech from Prime Minister Ardern which will be in focus today as well which will It will detail what businesses will be able to operate under level 3.
RBNZ ORR: HAVE NOT RULED OUT NEGATIVE INTEREST RATES $NZD— Cable FXM (@CableFxm) April 16, 2020