RBNZ statement is published now - policy to normalise eventually (over the medium term)

Author: Eamonn Sheridan | Category: Central Banks

From the Reserve Bank of New Zealand Statement of Intent.

Some points I picked out:
  • We are pleased to see economic activity in New Zealand returning to its pre-COVID-19 levels, supported by ongoing favourable domestic health outcomes, and improving global demand and higher prices for New Zealand's goods and exports. 
  • A catch-up in consumer spending and construction activity, supported by substantial monetary and fiscal stimulus is underpinning employment growth.
  • However, vulnerabilities still remain and the recovery needs continued monetary and fiscal support. 
  • As long as COVID-19 is contained and the global and economic recovery is sustained, eventually economic policy settings can be expected to normalise over the medium term.
 Bolding mine. 

I thought that last point a bit garbled. 

"Eventually ... over the medium term" I guess means .... over the medium term (whatever that is). 
--
The SoI outlines RBNZ's priorities.

Governor Orr is speaking later, at 0410 GMT.

From the Reserve Bank of New Zealand Statement of Intent.
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