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RBNZ’s Orr: Pleased credit growth has slowed, but hasn't slowed for long enough

The Reserve Bank of New Zealand Governor Adrian Orr is back on the wires now, via Reuters, testifying about the Financial Stability Report (FSR) before the Parliament Select Committee, in Wellington.

Key Headlines:

Pleased credit growth has slowed.

Hasn't slowed for long enough.

Australia Building Permits (MoM) came in at -5%, below expectations (-3%) in April

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Mexico’s President Nieto: “NO. Mexico will NEVER pay for a wall”

Mexican President Enrique Peña Nieto tweeted that “NO. Mexico will NEVER pay for a wall. Not now, not ever," responding to the US President Trump’s co
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