Brian Fallow: Expect Reserve Bank to keep things loose
8 Apr, 2021 07:00 AM
6 minutes to read
Reserve Bank of New Zealand Governor Adrian Orr. Photo / Mike Scott
OPINION:
The Reserve Bank can be expected to renew its monetary policy prescription, dosage unchanged, when it reviews it next Wednesday. Since its February statement the outlook has brightened in some respects, particularly the beginning of vaccination and the confirmation of a transtasman travel bubble, but it has darkened in others.
Last month s lockdown, limited in duration and location as it was, is a reminder of how fragile New Zealand s Covid-free status remains in a world where more than 600,000 people a day are diagnosed with the virus and more than 12,000 a day die of it.
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