Live-streamed video from the August 2019 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr

Live-streamed video from the August 2019 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr

This news conference will start at about 3:00 pm.

Our report on what this August 2019 Monetary Policy Statement means is here and will be updated as necessary following this news conference.

The RBNZ MPS media release is here.

Today's full Monetary Policy Statement is here. It is "in pictures" here.

When the live news conference is finished we will place a video recording of it on this page as soon as it becomes available.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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The faithful are ready .

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He looks like a man who knows that we know that he knows that we know that he doesn't know what to do.

Given low/no inflation is the problem - how come the average council rates rise is around 5%.

the cost of council are different to that of a household, the basket of goods that are used to calculate inflation are not what councils have to buy. For example households don't buy bureaucracy but councils heaps of it!

Nice to see the kiwi dollar down 2%. Imported inflation just sucked up a chunk of the effects of reduced mortgage payments.

Did he just say monetary policy is still effective? Hahahaha.

Delivered with straight face

How is it that the OCR comes down,unemployment comes down but building supplies and the cost of tradies go up.

There it is.
"Go out and spend".
So all those who say we're ten years behind the global curve are right. We finally get the GFC.

"Go out and len...spend"

"Go out and spend".

We've been spending like there's no tomorrow. What does he want?

Seriously. You don't cut like they did today if 'things' are as rosy as Adian tried to portray.
A brave face presentation that doesn't preclude a 'shock' cut of X% next time....
"These are real, really intersting times" The truest thing said in the whole presentation! Followed closely by "the data we based this cut on is 3 months old"....

Hilarious..."sorry, cannot tell you" what weight was given in the decision to international factors. More muck and mystery that they hope the dimwits will suck up.

Aaaand NZD sinks, gold in NZ$ just hit an all time high...