RBNZ comments on liquidity provisions

Grant Spencer, an assistant governor at the Reserve Bank of New Zealand, says the central bank would act if market conditions worsened, saying that the bank "stands ready to provide additional liquidity" if required.

Spencer, the acting governor of the Reserve Bank of New Zealand, says the central bank is "closely following developments in the financial markets, both domestically and offshore."

He said New Zealand could handle the recent turbulence in global money markets: "While some additio