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19 Apr 2021 13:54
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  •   Home > News > Business

    The Reserve Bank says several factors lifting our economic activity, are likely to prove temporary

    The Reserve Bank says several factors lifting our economic activity, are likely to prove temporary


    It's decided to keep the Official Cash Rate unchanged, at 0.25 per cent.

    The central bank says while our economy's looking positive, Covid-19 means things are still up in the air.

    One-off factors are also supporting consumer price inflation and employment.

    ASB chief economist Nick Tuffley says we had a massive amount of stimulus delivered last year and spending will slow down.

    He says there was also a lot of pent up demand after lockdown and lots of spending, which we won't see repeated this year.

    © 2021 Newstalk ZB, NZCity


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