新型冠状病毒

New Zealand’s currency slides after country enters three-day lockdown

Restrictions sparked by single Covid case muddy expectations for central bank rate rise

The New Zealand dollar tumbled on Tuesday after the discovery of a single coronavirus case sparked a three-day nationwide lockdown.

Prime Minister Jacinda Ardern announced the new restrictions after an Auckland man was found to have Covid, the first evidence of community spread of the virus since February.

The discovery comes the day before a policy announcement by the Reserve Bank of New Zealand, at which it was widely expected to become the first central bank in the developed world to raise interest rates since the onset of the pandemic.

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