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BBG picks up on comments from Asst. Governor...>

RBNZ
RBNZ: BBG picks up on comments from Asst. Governor Hawkesby at the Treasury
Select Committee hearing.
- Notes that monetary policy can soften the blow of COVID-19, but cannot fully
offset it.
- Governor Orr also in attendance:
- Notes that banks entered the COVID-19 outbreak in a strong position. Also
points to the current shock being a "fiscal challenge."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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