New Zealand Finance Minister Grant Robertson is speaking on the cyclone disaster that has smashed New Zealand.
- Says events will exacerbate the economic slow down
- Evidence that inflation has peaked
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The Reserve Bank of New Zealand meet next week, a +50bp rate hike was widely expected but there are calls for this to be paused due to the disaster declaration:
The RBNZ between a rock and a hard place on this decision. I can't see much good coming from a 50bp rate hike so soon after the cyclone.
