Reserve Bank of New Zealand Assistant Governor Hawkesby spoke with MNI on Wednesday
Info conveyed via Bloomberg
- "… markets are placing a high probability that monetary policy will have to be eased in the face of these developments, but we are still very much in the world of weighing up the probabilities because the outlook is so unclear
- Monetary policy is not the right tool to be using
- lot of different ways the broader NZ Government could provide assistance"
Hawkesby says focused on economic momentum 12 to 18 months ahead, coronavirus is a transitory thing
