New lockdown restrictions up the ante on Reserve Bank

Wed, 12 Aug 2020

Economists had been divided on whether the central bank would print more money to help support the economy, but news of community transmission has moved the dial to the dovish side.The Reserve Bank of NZ is due to make a rates announcement and publish its monetary policy statement at 2pm.While the central bank will have formalised its view before news of the new outbreak, it will have factored the possibility into its scenarios. Governor Adrian Orr will likely comment at the press conference following the announcement. Any hints...

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