Jonathan Milne, managing editor for Newsroom Pro, reports the Reserve Bank has signalled clear concern about the impact of Level 4 Covid-19 lockdown on the economy, by agreeing to hold the Official Cash Rate at its all-time low of 0.25 percent, for now. The Bank’s Monetary Policy Committee met on Wednesday morning, hours after the country was put into Level 4 lockdown, with Governor Adrian Orr stating, “The committee discussed the current, and risk of future outbreaks of Covid-19 in New Zealand, and how monetary policy should respond.”

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