RBNZ dep. Gov Bascand: rate cut still working its way through

Governor and Deputy Governor are in Parliament today which includes Q&A and comments will be rolling through:

So far, some comments have come in slightly earlier than expected as follows:

• RBNZ dep gov Bascand: rate cut still working its way through.
• Orr: we are open-minded on changing proposed bank capital requirements but want more capital.