RBNZ Keeps Rates Steady as Delta Variant Spreads

The video discusses the challenges faced by the New Zealand economy, focusing on the overheating economy, policy decisions by the RBNZ, and the impact of COVID-19. It highlights the importance of vaccination efforts and the potential risks of moving too early with policy changes. The historical context of 2014 is used to draw parallels with current labor market conditions and the potential for unexpected changes in labor supply and demand. The video concludes with future projections and the importance of cautious policy-making.

In what ways could the vaccination campaign impact the economy?

What lessons can be learned from the RBNZ's past policy mistakes?