Economics

RBNZ’s Orr Says New Covid Case Is Reminder of Risks Ahead

Governor Adrian Orr speaks in interview with Bloomberg TV
Says foreign asset purchases ‘not a preferred option’

Watch: The Reserve Bank of New Zealand says an unexpected Covid-19 case that has caused a partial lockdown in Auckland is a reminder that the pandemic hangs over the economy. (Source: Bloomberg)

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By Kathleen Hays

November 12, 2020 at 10:21 PM UTC

Updated on

November 12, 2020 at 11:04 PM UTC

This article is for subscribers only.

New Zealand’s central bank governor Adrian Orr said a new community case of Covid-19 in Auckland is a reminder of the uncertainties around the economic outlook.

“If the economy continued to grow and do what it’s doing, well that’s a beautiful world, but that’s a big if,” Orr told Bloomberg Television in an interview Friday. “So today’s news around Covid just puts it back into perspective. Be careful out there, be prepared, don’t run around on predictions.”