New Zealand central bank Governor Adrian Orr gave the clearest indication yet that policy makers plan to raise the official cash rate at their next meeting, even if there are still cases of Covid-19 in the community.
“Of course October is a live meeting,” Orr said in an interview Friday on Bloomberg Television. Covid cases alone would not prevent the Reserve Bank from tightening policy, he said, adding it would take “a significant shock to demand” to change that view.
