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The Bulletin: Expectations of a major immigration speech
Good morning and welcome to The Bulletin. In today’s edition: Expectations of a major immigration speech, National continues to linger in poll doldrums, and trace Covid in Wellington wastewater probably doesn’t signal an outbreak.
As mentioned at the end of last week, we’re expecting some sort of announcement on immigration policy from the government this week. Newsroom’s Anuka Nadkarni reports the announcement will involve much tighter targeting of highly-skilled people in migration targets. As the PM said at an event last week, “we are actually using Covid to actually stop and take a look at our immigration settings.”
The Official Cash Rate will remain unchanged at 0.25%, the Reserve Bank has announced.
A statement from the central bank’s governor Adrian Orr said that while global economic activity has increased since November, “this lift… has been uneven both between and within countries”.
Orr said: “The initiation of global Covid-19 vaccination programmes is positive for future health and economic activity. The Committee agreed, however, that there remains a significant period before widespread immunity is achieved. In the meantime, economic uncertainty will remain heightened as international border restrictions continue.”
2.10pm: Former ZB talkback host returning to airwaves
Danny Watson is returning to the radio biz, taking over the afternoon slot on Magic Talk from Sean Plunket.