RBNZ Gov Orr says not bound by policy meeting dates, can act on shocks if needed

<p>Earlier from Orr here:</p><ul><li><a href="https://www.forexlive.com/centralbank/rbnz-gov-orr-says-forecasts-show-upward-bias-to-rates-but-not-a-done-deal-20231129/" target="_blank" rel="follow" data-article-link="true">RBNZ Gov. Orr says forecasts show upward bias to rates, but not a done deal</a></li></ul><p>He is still going, more:</p><ul><li>
Global rates do matter to us, very tuned into that outlook</li><li>Will make decision
on debt to income restrictions early next year</li><li>Seeing credit growth
slowing rapidly, our message on rates is being heeded</li><li>We are saying rates
need to be this high for some time to come, banks should listen</li><li>We are not bound by
policy meeting dates, can act on shocks if needed</li><li>scheduled Comfortable on
waiting until the February meeting right now</li><li>Domestic inflation
is causing the challenge, big part of that is dwelling costs</li></ul><p>

The next Reserve Bank of New Zealand policy meeting is on February 28, 3 months away. Orr says the Bank can act on policy outside of a scheduled meeting, if needed. That'd put the wind into the NZD sails!</p>

This article was written by Eamonn Sheridan at www.forexlive.com.