Australian Example New Zealand has so far largely kept the virus out of the community, allowing its economy to recover quickly during the pandemic.
But a slow vaccine rollout has left it vulnerable to another outbreak, particularly of the delta variant that has forced large parts of neighbouring Australia back into lockdown.
The case comes on the eve of the Reserve Bank’s review of the official cash rate, with the majority of economists forecasting a quarter percentage point hike in response to an overheating economy.
The New Zealand dollar fell as investors pared bets on the prospect of a tightening. Westpac economists said late Tuesday they now expect the RBNZ to keep the cash rate on hold Wednesday, citing the uncertainty of the new