RBNZ's Orr: Exchange rate has been very well behaved

The Reserve Bank of New Zealand (RBNZ) Governor Orr, while testifying on the Monetary Policy Statement before the Finance and Expenditure Select Parliamentary Committee, in Wellington, said the New Zealand dollar exchange rate has been "very well behaved", indicating a degree of comfort at its current level.

Key quotes

In no rush to move rate in either direction, it seems our message is filtering through to markets, pushing the NZD lower.