New Zealand Prime Minister Jacinda Ardern given a pre-budget. Her key points are:Country about to enter a very tough winterBudget 2020 will look to accelerate employment, empower businesses, and stimulate economyProjections suggest economic shock could be sharp, but hopefully shortGovernment's ability to borrow at very low interest rates places it in a strong position“When times are hard you don’t cut, you invest”Government plans to invest to create jobs and get economy movingNumber one priority is jobs – this means the budget will be a jobs budget.
TheNZD is little changed in immediate response
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The RBNZ OCR decision and Monetary Policy Statement will be released at 2pm, followed by a press conference at 3pm.
NZ budget will be announced 2pm Thursday.
Current indicative levels are:NZD-USD 0.6070 / 0.6095NZD-AUD 0.9390 / 0.9415NZD-EUR 0.5590 / 0.5615NZD-GBP 0.4945 / 0.4970NZD-JPY 65.10 / 65.35