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Live-streamed video from the November 2020 RBNZ Financial Stability Review press conference with Governor Adrian Orr

Live-streamed video from the November 2020 RBNZ Financial Stability Review press conference with Governor Adrian Orr

This news conference will start at about 11:00am.

Our report on what this November 2020 Monetary Policy Statement means is here and will be updated as necessary following this news conference.

The RBNZ media release is here.

Today's full Financial Stability Report is 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 comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

6 Comments

Just to pre-empt: just looked at Auckland sales rate (12m rate) in July to October and compared to rest of NZ, excluding Auckland.

Auckland sales up 18.6% on 12m running series, in that 4m period
Rest of NZ sales DOWN 2.3%

Price rises make no odds in Auckland because a large proportion are made on leverage and existing asset.
Rest of NZ is considerably less packed with high worth individuals and hence they have to borrow, so when prices rocket outside Auckland, it does reduce sales. Funny how no one bothers to look at segments of NZ

Robertson picked a fight with the wrong person

The letters were clearly a PR stunt by both Govt & RBNZ. Never seen Orr more happy.

you mustve watched a different press conference than me

He sounded pretty positive working with the Govt and stuck up for them multiple times? It was also revealed he had a heads up on the letter on Monday by Robertson prior to receiving it. Not sure what you saw?

The offer was dripping with irony (a 1 1/2 page letter)...and Orr was very clear they wouldnt be doing anything different (unless circumstances change) and was very pointed in his statement around parameters for the Feb meeting.

As far as the RBNZ are concerned they are doing their job (and well) ...and will enjoy the opportunity to show the gov how to do theirs.

Any happiness from Orr that you perceived was likely in the opportunity to hand Robertson his ass