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No assumptions on what the RBNZ will do

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New Zealand finance minister, Grant Robertson, remarks

  • The economy is in good shape
  • Have budgetary room to cope with what we observe

Well, but if you announce a nationwide lockdown a day before the big decision, it kind of ties the hands of policymakers. The RBNZ remains calm though, stating that the latest virus setback isn’t going to shift them away from the tightening path – at least for now.

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