The RBNZ is announcing at 8am and the actual press conference is at 11am.
Clearly designed to get ahead of the market opening. I'm no monetary policy wizard but that suggests a huge potential issue with perceived stability.
Ive read articles about the doom and gloom, and one today that says the opposite. Sam Stubbs I think it was. Apart from logging, fish and tourism (maybe others and certainly support businesses), everything is normal here. The economic downturn will happen, but it wont go bang on Wednesday lunchtime. Id expect the Govt plans to be probably not overly detailed as things will change at any time, for the worse, or maybe not as bad, who knows. The key is targeting funds, and getting processes in place so they can be given relatively quickly, but has to be targeted. We have surplus, we can alter the budget allocations, we can borrow.