RBNZ says the economic outlook remains highly uncertain, risks tilted to downside

Reserve Bank of New Zealand Briefing for NZ Finance Minister Grant Robertson.

  • highlights the Reserve Bank’s commitment to work collaboratively with the government

More:

  • Health risks include another global wave of infections and prolonged vaccine development.
  • Economic risks include the likely tapering in fiscal support as a headwind to growth, lingering uncertainty from COVID-19 weighing on consumer confidence and business investment.
  • This may constrain the economic activity of consumers, investors and businesses and impact price inflation, FX rates, and general economic activity in New Zealand.

more to come

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