RBNZ statement is published now - policy to normalise eventually (over the medium term)
Tue 29 Jun 2021 02:11:18 GMT
Some points I picked out:
We are pleased to see economic activity in New Zealand returning to its pre-COVID-19 levels, supported by ongoing favourable domestic health outcomes, and improving global demand and higher prices for New Zealand's goods and exports.
A catch-up in consumer spending and construction activity, supported by substantial monetary and fiscal stimulus is underpinning employment growth.
However,
As long as COVID-19 is contained and the global and economic recovery is sustained, eventually economic policy settings can be expected to normalise over the medium term.