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

The faithful are ready .

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%.

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.

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.

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...