Rates on hold at one quarter of 1 . The rbnz saying they are going to be they are committed to reviewing their quantitative easing program. The policy committee reached consensus on this decision. They are saying they are prepared to provide additional stimulus as is necessary. All the economists we talked to the benchmark Interest Rate in new zealand staying on one quarter of 1 . Little to no reaction on the new zealand daughter new Zealand Dollar. 64 u. S. Cents. Tom lets get some of the views from our guests at the bloomberg summit. Sharing their views on the prospects of a recovery from the pandemic. I do not think anybody can be confident with the kind of uncertainties that prevail. I would put say is my odds on a v shaped recovery. How we are going to share the burden in a credible way. It is not just financial and fiscal support. It is also regulatory charges we have undertaken to support the economy. As recently as early april, i saw china could only i thought china could only
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
Really. Northern california and Southern California. Here are the rankings. Here are the rangings. The top five counties all in Southern California. L. A. , riverside, san diego, orange county, san bernardino. Thats 71 of all californias cases. Meanwhile the cabrera counties of santa clara,al need, a San Francisco, san mateo and could notra costa county only make up 9 of the cases. It is hard to say why and some of it is luck but we have to sewell it has more to do with behavioral differences. Whether people are out and about more or not wearing masks. For example in orange county, the Health Officer was criticized so badly for not having mandatory masks she ended up quitting. While in the bay area there hasnt been any public outcry. L. A. Has more than a combined population of all the bay area counties bat 7 million. There are some differences when it comes the Outdoor Recreation culture. So cal beaches have been making headlines for being pakds. In San Francisco it was one of the fir
Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. Lets jump into the turn will. The terminal. We could be seeing positive mental for asian stocks. As you can see on
Do we know about the long term impact coronavirus has on Peoples Mental Health locked down in isolation have led to unprecedented levels of Anxiety Stress and depression so what is the psychological cost of the pandemic this is inside story. Hello and welcome to the program. Depression affected more than 264000000 people worldwide and suicide was the 2nd leading death among young people that was before the pandemic before distance and isolation became our new experience of life before grieving loved ones without being able to say goodbye and before the sudden loss of jobs such difficult experiences have led to elevated levels of stress and anxiety experts say they warn of a potential rise in suicides and drug abuse and a possible psychological cost in the coming years after the pandemic is over Human Rights Watch has urged governments to expand Mental Health Care Services and the u. N. Says facilities already lacking resources and people fleeing violence are of particular concern the u