Grant Robertson could have been forgiven for thinking Reserve Bank Governor Adrian Orr was finally cutting him a break when he put out his latest Monetary Policy Statement (MPS) on Wednesday. This is called fiscal stimulus - essentially Government spending in areas designed to stimulate economic growth. Instead, Orr's statement was positive about the effects of the Government's current round of fiscal stimulus feeding through into the economy next year, lifting growth, saying "stronger fiscal stimulus" would see growth lift during 2020. But Orr was quick to dash any thought that he was letting Robertson off the hook. Orr said the bank was "confident" with the current fiscal policy settings, but essentially had to play the hand Robertson dealt it.

Source: Stuff November 13, 2019 08:05 UTC