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NZ FinMin Robertson: Economy in good shape, net debt will remain low

New Zealand’s Financial Minister Grant Robertson recently followed RBNZ’s Hawksby and New Zealand (NZ) PM Jacinda Ardern while crossing the wires and fueling the New Zealand dollar (NZD). The policymaker increased odds of inaction by the Reserve Bank of New Zealand (RBNZ) in the upcoming meeting by suggesting that the infrastructure spending will boost and economy and jobs.

Key quotes

The economy in good shape, net debt will remain low.

Infrastructure spending takes advantage of record-low long-term interest rates.

FX implications

The NZD/USD pair keeps the recovery gains to 0.6550 following the release. The pair have recently been supported by the broad risk-off while statements from the economy/central bank policymakers have helped extend the pullback from the multi-week low.

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Following mixed comments from the Reserve Bank of New Zealand’s (RBNZ) Assistant Governor, New Zealand Prime Minister Jacinda Ardern crossed the wires
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NZD/USD extends pullback to 0.6550 amid risk reset

NZD/USD holds on to recovery gains to 0.6550 by the press time of early Asian session on Wednesday. The kiwi pair recently benefited from the recovery
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