One question that has been asked ever since economies were thrown into steep decline at the start of national lockdowns was how quickly they would start to recover when the lockdowns were eased. With most countries re-opening large parts of their service sectors in recent weeks, we will soon have a chance to start finding out. And we believe that the world might be pleasantly surprised.
The Reserve Bank of New Zealand was for many the first truly independent central bank of the modern era. But, following the change of government in Wellington, could things be about to change?