RBNZ’s Hawksby: We had more confidence that employment was at its maximum sustainable level

RBNZ Assistant Governor Christian Hawkesby crossed wires, via Reuters, during early Tuesday. The Reserve Bank of New Zealand’s (RBNZ) senior official conveyed the RBNZ confidence over employment and inflation during the latest monetary policy meeting while speaking on the title “A least regrets approach to uncertainty”

Key quotes

Early discovery of vaccines against covid-19 has supported a stronger-than-expected recovery in the global economy.

August monetary policy statement noted we had more confidence that employment was at its maximum sustainable level.

Demand for our goods exports has fared much better than during previous global downturns.

Also benefited from a robust recovery in the chinese economy, our largest trading partner.

Monetary and government spending policies have supported a strong recovery in spending.

More to come…