New Covid Case Is Reminder of Risks Ahead, Says RBNZ’s Orr

The transcript discusses the economic impact of a virus outbreak in Auckland, New Zealand, and the global economic context with central bankers focusing on policy amid uncertainty. It covers New Zealand's monetary policy challenges, the introduction of the Funding for Lending program, and its potential to stimulate the economy. The discussion also touches on the heated property market in New Zealand, the role of asset prices, and the Reserve Bank of New Zealand's bond market operations to ensure liquidity.

What is the significance of the global forum mentioned in the context of the virus?

What concerns are raised regarding the RBNZ's ownership of sovereign bonds?

How does the central bank plan to ensure liquidity in the market?

What indicators will the RBNZ watch to determine the move to negative rates?