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Reserve Bank says low interest rates ‘an opportunity’

Reserve Bank governor Adrian Orr is calling for New Zealand to take advantage of low interest rates, directly calling for greater investment-signals from central government.

In a speech to a conference hosted by the NZX in Auckland on Thursday, Orr repeated his call that conditions for investing remained good, with a need for new infrastructure, demand growth and an expectation that interest rates will stay low for years.

As well as urging businesses and iwi to invest, Orr issued a direct plea for greater direction from central and local government.

“We have the trifecta of sound government finances, clear infrastructure demands, and low hurdle rates for investing.”