NZ finmin: government and RBNZ have scope to respond if needed due to virus
|New Zealand's Finance Minister, Robertson, has said that the government and RBNZ have scope to respond if needed due to virus.
Key notes
- Risk of longer-term economic impacts from the virus.
- NZ economy is in a strong position to respond to the virus.
- The virus will have a serious impact short-term.
- It is responsible to plan for multiple scenarios.
FX implications
Market pricing for RBNZ implies a 30% chance of easing at the next meeting on 25 March, with a terminal rate of 0.68% (RBNZ OCR currently at 1.0%).
Meanwhile, markets are turned into:
Watch Live: President Trump and members of the coronavirus Task Force hold a news conference
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.