For the Second Quarter. We can provide hints on whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, High Speed Two fidelity international s Catherine Yeung who said china is facing a confidence problem. It is lack of confidence within the consumption and corporate sector. In fact last friday we had julys money supply and aggregate Financial Data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. Tomorrow we will get some extra data out. But really what is the biggest problem facing china to get its economy up and running . If china to get its economy up and runnina . ,. , china to get its economy up and runninu . ,. ,
policy. but looking further beyond the pandemic there is a case to be made to improve the quality of labour that we are importing. we have heavily relied on overseas, relatively cheap overseas labour, but that is prevented employers and firms here from innovating and implementing new technologies. think there was a report recently done when new zealand ranked around 26 out of 37 oecd countries and spending on research and development. so think there is a case to be made to make migration focused really on attracting the stop and skilled and entrepreneurial migrants to come to new zealand to boost productivity. imilli migrants to come to new zealand to boost productivity. to boost productivity. will new zealand change to boost productivity. will new zealand change its to boost productivity. will new zealand change its interest - zealand change its interest rates this week? it zealand change its interest rates this week? rates this week? it is a big week for rates this week? it i
2020. maryjo vergara is a senior economist at the government owned kiwibank and she says and in crease in net migration is good news for new zealand s businesses. zealand s businesses. we ve heard businesses zealand s businesses. we ve heard businesses right - zealand s businesses. we ve| heard businesses right across industries crying out for workers over the past three years. it doesn t matter if it is it or hospitality or in horticulture, they have all been crying out for workers. those three in particular, those jobs, those three in particular, thosejobs, are being filled, most of the people coming here from overseas are sort of labourers, construction workers, in the food services trades and that is really where the labour shortages have been most acute and those are being filled, which is good news. still trying to resolve the labour shortages.- still trying to resolve the labour shortages. the country is auoin labour shortages. the country is going to labour shortages. the
at the international energy agency in 2021 set already at the international energy agency in 2021 set already if at the international energy agency in 2021 set already if we at the international energy agency in 2021 set already if we go - at the international energy agency in 2021 set already if we go for i at the international energy agencyl in 2021 set already if we go for new oil and in 2021 set already if we go for new oil and gas in 2021 set already if we go for new oil and gas developments, - in 2021 set already if we go for new oil and gas developments, were i in 2021 set already if we go for new. oil and gas developments, were going to get oil and gas developments, were going to get a oil and gas developments, were going to get a 15 oil and gas developments, were going to get a 15 and oil and gas developments, were going to get a 1.5 and the oil and gas developments, were going to get a 1.5 and the temperature i to get a 1.5 and the temperature will go to g
that s no longer the most sensible a- roach? ., ., ~ . ., approach? if we are taking climate chance approach? if we are taking climate change seriously, approach? if we are taking climate change seriously, then approach? if we are taking climate change seriously, then we - approach? if we are taking climate change seriously, then we shouldl approach? if we are taking climate l change seriously, then we should be looking at with the extremes might be of the future. but we have to do is be much more resilient now and there are many things that we should not be, we should be building in flood plains, coastalflooding and thinking about the winds not to cope with those. and all of those things we should be thinking about over the bubble make life much more resilient now as well. d0 bubble make life much more resilient now as well- now as well. do you think it s been helful now as well. do you think it s been helpful this now as well. do you think it s been helpful this process of he