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12 Apr 2021 3:05
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  •   Home > News > Politics

    The Reserve Bank's signalled New Zealand will need monetary support for a while longer

    The Reserve Bank's signalled New Zealand will need monetary support for a while longer


    The Official Cash Rate remains unchanged at 0.25 per cent.

    The central bank says the country's economy has picked up -- but several factors supporting it are likely to be temporary.

    Governor Adrian Orr says the outlook's still highly uncertain due to Covid and they don't have a specific date the cash rate will change.

    He says they wanted to make it clear that it'll take some time to get the confidence to do so.

    © 2021 Newstalk ZB, NZCity


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     09 Apr: The Cancer Society wants similar regulations around sunscreen here as in Australia
     09 Apr: Auckland businesses fear our economy is deteriorating
     09 Apr: Taxpayer spending on housing support is a big ticket that's only going to get even bigger in the years ahead
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     Today's News

    Environment:
    Greenpeace has uncovered widespread use of illegal driftnets in the northwest Indian Ocean, one of the world's most ecologically vulnerable fishing grounds 21:57

    Law and Order:
    Three further Covid-19 locations of interest in Auckland have been announced 21:17

    Health & Safety:
    A close contact of the covid positive security guard from Auckland's Grand Millennium MIQ has now also tested positive for the virus 20:27

    Environment:
    The Crusaders have returned to winning ways in Super Rugby Aotearoa, but have needed an golden point extra time drop goal to do so 18:57

    International:
    Iran's Natanz nuclear site has a problem involving its electrical distribution grid 18:37

    Law and Order:
    A man who crashed into a police car while fleeing from officers investigating an assault on Auckland's Ponsonby Rd has been arrested 18:27

    Soccer:
    Wellington Phoenix coach Ufuk Talay's insists his side remains a shot of making the A-League finals 18:17

    Environment:
    A strong earthquake on Indonesia's main island of Java has killed eight people, including a woman whose motorcycle was hit by falling rocks, and damaged more than 1300 buildings 17:37

    Cricket:
    White Ferns stand-in skipper Amy Satterthwaite's calling for better efforts with the bat 17:17

    Cricket:
    Black Cap Jimmy Neesham believes his Indian Premier League side the Mumbai Indians has what it takes to go back to back 16:57


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