Dollar tumbles as covid case dampens OCR expectations
News of a covid community case in Auckland sent the kiwi dollar tumbling. (Image: BusinessDesk)
The health ministry has identified a community case of covid-19 in Auckland, casting doubt on whether the Reserve Bank of New Zealand will still hike interest rates tomorrow.The Auckland Regional Public Health unit is interviewing the person in an effort to find a link between the case and the border or managed isolation, a press statement this afternoon said.Relevant ministers are meeting to decide upon a response and prime minister Jacinda Ardern will provide an update to the public at about 6pm.“A hard and early response is the best to...
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