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Daily Alert: To taper or not to taper, that is the question

  • The NZ COVID-19 count continued to trickle lower, with another 13 community cases reported yesterday (all in Auckland). 
  • The euro firmed after the ECB kept its key policy interest rates unchanged, settings unchanged, and with an “unanimous decision on all respects” (according to ECB President Lagarde) opted to conduct asset purchases at a “moderately lower pace” than earlier this year.
  • It might be the rear vision mirror but data to date have suggested the NZ economy had considerable momentum heading into the lockdowns.

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