RBNZ's Orr: New Zealand's Kiwi not unusually high or low

In an interview following Reserve Bank of New Zealand's (RBNZ) Governor Adrian Orr's speech earlier, Governor Orr reiterated his stance that an interest rate cut could be one of the possible options open to the RBNZ if inflation doesn't begin to improve.

Key highlights

Inflation has to lift more before rates can go up.

Rising wages would be the single biggest boost to inflation.

A rate cut from the RBNZ is a "valid possibility".

Orr states that currency intervention could be a useful tool in the "right conditions".