Reserve Bank of New Zealand acting governor Grant Spencer
Speaking at the news conference following the earlier policy announcement and Monetary Policy Statement release
- economic outlook is very positive
- there is additional fiscal stimulus relative to the picture we had in August
- migration policy will be an offsetting factor
- overall impact on the new government policy is a positive stimulus to aggregate demand of about 0.5% of GDP
- moving to dual mandate is unlikely to have a major impact on the Bank runs monetary policy
more to come
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Earlier:
Long story short is beefier inflation and cash rate forecasts
