Policy announcement earlier:

Remarks at the presser:

  • says NZ dollar appreciation has moderated returns for exporters
  • fiscal policy remains primary responder to crisis
  • yesterday's new outbreak did not materially impact decision today
  • RBNZ does not have more information on the cov1COVID-19 outbreak than is publicly known
  • health the key downside risk, risks still skewed to the downside
  • path the stable inflation, full employment is low rates and low NZ dollar
  • want to actively get bond yields lower
Policy announcement earlier: