Speaking at a regular press conference, New Zealand Minister of Finance (NZ) Grant Robertson said about the government’s plan to launch “helicopter money”.
“The concept was under discussion, but that’s not what reached this level of discussion at all.”
“I want to ensure that fiscal policy remains the role of government.”
Earlier today, the Governor of the Reserve Bank of New Zealand (RBNZ), Adrian Orr, said RBNZ “stick” probably not to buy more than 50% from the New Zealand government Obligations on the market, even if it’s not a “magic number”.
NZD / USD remains on the back foot but manages to defend the handful of 0.61 amid discussions on “helicopter money” and mixed data on NZ retail sales for the first quarter.