“Rates remain at 0.25% ‘for now’“said the Governor of the Reserve Bank of New Zealand (RBNZ), Adrian Orr, when addressing the press conference following the decision of monetary politics on Wednesday.
Additional comments
The lockdown is a concern, but it is less of a concern than it would have been last year.
The country is in a very good position to maintain the economic momentum.
A clear reduction of the stimulus is to raise the cash rate.
The blockade has given time for a pause in monetary policy adjustment.
The concern is around supply capacity.
Periods of outage due to covid are expected.
It would have to get significantly different results to change the monetary policy path.
Home prices are above sustainable levels.
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