RBNZ Governor Orr: October Meeting ‘Live’ Even if Outbreak Persists

The transcript discusses the Central Bank's decision-making process regarding interest rate hikes amid a health crisis. It highlights the strategy of permanent flexibility to manage economic challenges in a virus environment. The discussion covers market expectations, the role of monetary policy, and the economic outlook, emphasizing the importance of fiscal policy. The housing market's impact on inflation and the need for supply-side responses are also addressed.

What factors are influencing the decision on rate hikes according to the speaker?

What is the significance of the term 'permanent flexibility' in the context of central banking?

In what ways does the speaker suggest that fiscal policy is more impactful than monetary policy?

How does the speaker view the role of monetary policy in the current economic situation?

How does the speaker assess the current state of household and business balance sheets?

What are the implications of the current property market on monetary policy decisions?

What concerns does the speaker express regarding inflation expectations?