TLDR & TLDL: The pressure on our borders is intensifying as we extend the level four lockdowns until at least Friday night nationwide and at least next Tuesday night in Auckland.
MBIE announced last night it was ‘temporarily pausing’ the release of new MIQ rooms and previously cancelled rooms due to the current delta outbreak. It later reiterated the ‘pause’ would be for a few days.
Elsewhere over the last 24 hours, economic data out of China, the United States and Australia was weaker than expected as the delta outbreaks overseas hammer consumer confidence, and as China’s internal push to slow steel production for climate reasons, hammers hard commodity prices.
So what? Our lockdowns are likely to last longer and be more painful than previous ones, and the borders are likely to be tightened even further, possibly including a full suspension of all international flights. Meanwhile, the slowing global and local economies is pushing the prospect for higher interest rates here further off into the distance. All that means low interest rates for longer, which is encouraging equity-rich home buyers to look at buying more and harder, estate agents now report.
Scoops and news breaking this morning
Signs o’ the times news
Notable other views
Useful longer reads
A fun thing
Ka kite ano
Bernard
Share this post