Economics
RBNZ Says Communication Difficulty Delayed Rate Hike, Not Delta
- Policy makers seriously considered 50bp move, Hawkesby says
- Says decisions won’t be tightly linked to duration of lockdown
Christian Hawkesby
Photographer: Hagen Hopkins/Getty Images
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New Zealand’s central bank decided not to raise interest rates last week because of communication challenges, not economic risks, Assistant Governor Christian Hawkesby said.