Reserve Bank of New Zealand Governor Adrian Orr speaking in a Bloomberg TV intervew.
NZD doing little. Update: dribbled a few tics lower.
His main points:
- very comfortable with FLP, QE programs at present
- has great confidence in funding for lending program
- hopes financial markets watching same info as the RBNZ is
- says border reopening by 2022 is 'bold assumption'
- says foreign asset purchases 'not preferred option'
- says assumption economy will keep growing is 'big if'
- says new covid case is reminder of risks ahead
Headlines via Bloomberg, bolding mine. The reopening comment has broader applicability than just to New Zealand. I hope he is incorrect on this, 2022 is long way away! Asian countries are making moves to renew travel across borders, even NZ has entered a form of 'travel bubble' with Australia. Which is a start.
