Wednesday, 24th June, 2020
Economic activity – globally and in NZ – remains on a mostly recovering trend. COVID-19 flare ups in certain parts of the world may slow this tentative global recovery, but not stop it. Despite the recovery in economic activity, the second half of the year will be difficult for NZ’s labour market. ‘Steady as she goes’ is the message expected from this week’s RBNZ meeting. We don’t expect any change in policy measures. To find out more, read our full update here.