UPDATE 1-New Zealand c.bank does not need alternative policy at this time <!-- no image --> <div>* Orr says effective zero bound for rates far from most likely outcome<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=dyGxFt1m-Po:J1iCiAmXEc0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=dyGxFt1m-Po:J1iCiAmXEc0:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=dyGxFt1m-Po:J1iCiAmXEc0:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=dyGxFt1m-Po:J1iCiAmXEc0:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=dyGxFt1m-Po:J1iCiAmXEc0:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/dyGxFt1m-Po" height="1" width="1" alt=""></div> Posted by Reuters