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RBNZ not yet confident economic recovery is sustainable

Adrian Orr says the economic outlook is still uncertain and that will constrain business investment and household spending.

Brent Edwards Wed, 24 Feb 2021

The Reserve Bank is not backing away from its preparedness to lower the official cash rate, despite economists arguing negative interest rates should now be off the agenda because the economy has rebounded more strongly than expected.

In its February monetary policy statement, the RBNZ has left

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Brent Edwards Wed, 24 Feb 2021
Contact the Writer: brent@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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RBNZ not yet confident economic recovery is sustainable
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