Weekly economic update and economic developments since Budget

In today’s weekly economic update:

• COVID-19 testing ramps up as more cases in managed isolation are reported
• RBNZ leaves the OCR at 0.25% and signals willingness to provide further stimulus
• Improvement in global Performance of Manufacturing Indexes buoys market sentiment

In a WEU Special Topic blog post this week, we provide an update on the developments that have taken place since the Budget Economic and Fiscal Update (BEFU) and how these have influenced the economic outlook. 

To get the bigger picture, check out the latest Weekly Economic Update and COVID-19 Economic Dashboard on our Economic Commentary home page.