Wednesday, May 8, 2024

Daily digest: March 23, 2020

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Many of the events and items we have for the digest today were overtaken by this afternoon’s announcements and made redundant so we won’t bother you with them. That leaves covido-19 and related financial information. Over the coming days Farmers Weekly journalists and analysts will continue working, from our homes and farms, to bring you the last news and analysis to keep you up to date and explain what the latest developments mean for you.      
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Farmers want essential services clarity
Federated Farmers president Katie Milne is urgently seeking clarity from the Government about what primary sector activities will qualify as essential after the Government effectively put the country into lockdown for four weeks to stop the spread of covid-19.

Covid-19 alert up, more support
New Zealand is now at covid-19 alert level three and will move to level four in 48 hours. That means all but essential services will close down.

Nats Head: Nats support Government decision
The Government’s decision to move the country towards level four of the covid-19 alert system over the next 48 hours and to extend the economic package for all businesses is the right thing to do, National Party leader Simon Bridges says.

Reserve Bank increases money supply
The Reserve Bank has moved to the next, unprecedented stage of emergency support for the New Zealand economy in response to the covid-19 virus global crisis, committing to buy $30 billion of government bonds over the next year.

Economists praise Reserve Bank move
Economists have lauded the size of the Reserve Bank’s emergency support for the New Zealand economy after it committed to buying $30 billion of government bonds over the next year.

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