This news conference will start at about 11 am.
Our report on what this November 2021 Financial Stability Report 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.
12 Comments
Why are we still at this low OCR. Orr was quick to bring it down too .25. Why is he slow in raising it?
And inflation is rampant in the market right now.
Petrol, bread, veges, fruit prices are going crazy. Apples at $6 per kg.. WTF. We grow so many apples in this country that we all can eat 10 a day for free and still export millions and make a profit. Just how crazy is this?
Unbelievable, unemployment data is volatile? It has been consistence for this whole year. So does inflation data. How do you measure whether it's volatile or not? If you say our economy is resilient, then you should expect this low unemployment data and keep rising appropriate interest rate to keep your inflation rate within 2% mandate in check. There are so many contradictions in this press conference.
Core funding ratio. It's a measure of banks' liquidity risk.
Definition from a previous article here:
A minimum proportion of banks’ funding that has to come from “sticky” sources: retail deposits or long-term wholesale funding, where long-term is defined as a maturity at least a year out.
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