Remark by New Zealand prime minister, Jacinda Ardern

  • Auckland to stay at Level 3 lockdown for at least two weeks
  • The remainder of the nation remains at Level 2 lockdown

With the latest outbreak on the delta variant being brought under control, restrictions are slowly being phased out. That's good news for the outlook going into Q4 and only bolsters confidence within the RBNZ to perhaps hike by 50 bps next month.