Fresh nervousness is expected on financial markets this week amid the re-emergence of coronavirus cases in New Zealand and strong growth in case numbers overseas. Westpac also indicated the growth in Covid cases overseas could set the tone for financial markets, saying the rise in Covid cases in the US was a "key concern". The Reserve Bank will make its next scheduled announcement on the Official Cash Rate on Wednesday afternoon. Stuff The Reserve Bank will release its next statement on the OCR on Wednesday, but has already committed to not changing the rate. "We expect the Reserve Bank will emphasise that they stand ready to act further if required," ANZ said.

Source: Stuff June 21, 2020 22:46 UTC