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Kiwi Crushed As a Single Case Of COVID Sparks Nationwide New Zealand Lockdown
Real News Aggregator ^ | 08/17/2021 | Tyler Durden

Posted on 08/17/2021 10:30:00 AM PDT by SeekAndFind

With Australia's lockdown spreading to Canberra and the surrounding capital area after the discovery of just one case, the entirety of New Zealand - which supposedly eradicated COVID months ago - will now enter lockdown after the country just discovered its first case in six months.

The three day "snap" lockdown, which hasn't exactly proven effective in Australia, where health officials recorded the worst day of new infections earlier this week even as the country's biggest cities have been on lockdown for weeks...

The results of seven weeks of lockdown in Sydney (NSW cases) pic.twitter.com/zQCdXzNy7q


— Mike Bird (@Birdyword) August 16, 2021

... was ordered by PM Jacinda Ardern, and marked the country's harshest shutdown in more than a year, given the "strong possibility" that the case was caused by the delta variant.

She asked New Zealanders not to go outside for any reason unless absolutely necessary. The case was recorded in New Zealand's most populous city, Auckland. Because of the risk that the case is a delta case, New Zealand is justified in going "hard and fast" with a snap lockdown to try and contain the spread.

"While we know that Delta is a more dangerous enemy to combat, the same actions that overcome the virus last year can be applied to beat it again."

Under the country's toughest level 4 lockdown rules, schools, offices and all businesses will be shut down and only essential services will be operational. The infection also represents New Zealand's first "community" case in six months. Additionally, vaccinations will also be suspended for 48 hours to ensure vaccines can be administered in a safe environment.

She said the lockdown was urgently needed because the world has already seen how, in Sydney, "unnecessary trips outdoors" allowed delta to slip through authorities' grasp.

New Zealand Health Chief Executive Ashley Bloomfield said the case was a 58-year-old man who became symptomatic on Saturday. The man's wife has been tested and since returned a negative result.

Under level 4 restrictions, New Zealanders will only be able to leave their homes for:

All must be undertaken with a mask on at all times.

Thanks to the lockdown news, the kiwi was the worst G-10 performer and slid as much to 69.07 cents while the benchmark NZ 10-year bond yield dropped as much as 10 basis points to 1.72%, the steepest decline since March.

Before the lockdown, the Reserve Bank of New Zealand was expected to raise the Official Cash Rate by 25bps to 0.50%, making it the first major central bank to lift rates now that Australia's lockdown has forced the RBA to also go on hold. But now, OIS markets are seeing the odds of an imminent hike from the RBNZ as less likely, though still high, with an 85% probability according to markets, while many research houses are cutting their forecasts to just a 25 bps hike, rather than a 50 bps hike, and some are outright pushing off the date of the hike until there is more clarity on the lockdown front.

Since the pandemic began in New Zealand, COVID has recorded 2,570 COVID-19 cases and just 26 deaths. Most countries would kill to have those numbers, but for some reason, New Zealand and Australia have decided to instead kill their economies.


TOPICS: Australia/New Zealand; Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: covid; currency; lockdown; newzealand; searchandfind

1 posted on 08/17/2021 10:30:00 AM PDT by SeekAndFind
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To: SeekAndFind

Liberalism is a mental disorder.


2 posted on 08/17/2021 10:31:05 AM PDT by ifinnegan ( Democrats kill babies and harvest their organs to sell)
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To: SeekAndFind

This is ridiculous overkill. And I do mean ridiculous overkill.


3 posted on 08/17/2021 10:31:45 AM PDT by RayChuang88 (FairTax: America's Economic Cure)
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To: SeekAndFind

more of them will die of basal cell or squamous cell
carcinoma of the scalp.

but those are real diseases.


4 posted on 08/17/2021 10:32:43 AM PDT by Diogenesis (Tuitio Fidei et Obsequium Pauperum)
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To: Diogenesis

Phew, was worried they might overreact or something.


5 posted on 08/17/2021 10:34:11 AM PDT by Bob434
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To: RayChuang88

Gee, whatever happened to contact tracing? This woman PM seems prone to over exercise her power at the drop of a hat. That she is an HRC buddy tells me all I need to know about her.


6 posted on 08/17/2021 10:34:35 AM PDT by Metrobank
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To: SeekAndFind

Lock it all down. Hard.


7 posted on 08/17/2021 10:36:14 AM PDT by Fury
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To: Fury
NIP IT! NIP IT! NIP IT IN THE BUD!.......................
8 posted on 08/17/2021 10:39:16 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: SeekAndFind

There is no downside to stupid. Biden is proof.


9 posted on 08/17/2021 10:45:46 AM PDT by Don Corleone (leave the gun, take the canolis)
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To: SeekAndFind

It seems nuts to us, but it’s interesting speculation as to where this goes in the future. Unless both countries intend to isolate from the rest of the world forever, they will have to bend to this.

My know-it-all sister tells me this will go on for at another couple of years until the virus gets tired and mutates into a bad rash or something.

Two more years of sporadic lock downs will do major damage to the GDP of both countries.

In my town, many of the small entertainment venues are closed forever - most made it through the first year but then gave up when it became apparent things weren’t going back to normal this summer. You can’t make money when your capacity is cut 50%.


10 posted on 08/17/2021 10:48:39 AM PDT by Not_Who_U_Think
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To: Not_Who_U_Think

Your sister sounds smart not like a know it all.


11 posted on 08/17/2021 10:56:45 AM PDT by gcparent (God Bless America )
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To: SeekAndFind

That incompetent jacinda thing is the problem. Totally unable to know what to do to govern a country, she reacts disproportionately to any crisis. Went crazy and put on a hijhab or burka whatever it is after an attack on a mosque and groveled in abject submission because of what some of her fellow countrymen had done.

NZ will go the way of Australia and the UK - in complete submission to their new masters.


12 posted on 08/17/2021 10:58:46 AM PDT by I want the USA back (We have more to fear from our government than from the bug that the chicoms made for us. )
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To: Not_Who_U_Think

That is the first I have heard about viruses getting tired.


13 posted on 08/17/2021 11:05:11 AM PDT by alternatives?
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To: SeekAndFind

Are these people insane?


14 posted on 08/17/2021 11:13:29 AM PDT by Yo-Yo (is the /sarc tag really necessary?)
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To: SeekAndFind

Which country, New Zealand or Australia will be the first to beg the ChiComs to become a trading partner, a defense partner and an intel partner. AKA a total ally.


15 posted on 08/17/2021 11:26:36 AM PDT by Grampa Dave (If I wanted to live in Australia, China, Cuba, Canada, the UK, or Chicago! I'd move there! )
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To: SeekAndFind

Since the pandemic began in New Zealand, COVID has recorded 2,570 COVID-19 cases and just 26 deaths. Most countries would kill to have those numbers, but for some reason, New Zealand and Australia have decided to instead kill their economies.

Which country, New Zealand or Australia will be the first to beg the ChiComs to become a trading partner, a defense partner and an intel partner. AKA, a total ally.


16 posted on 08/17/2021 11:30:47 AM PDT by Grampa Dave (If I wanted to live in Australia, China, Cuba, Canada, the UK, or Chicago! I'd move there! )
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To: SeekAndFind
Ardern is owned by Klaus Schwab, not Xi. She is an alumni of the World Economic Forum's “Young Global Leaders”.

https://www.younggloballeaders.org/community?class_year=&page=4&q=&region=&sector=&status=alumni

17 posted on 08/17/2021 11:57:15 AM PDT by Polynikes ( Hakkaa paalle)
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To: Don Corleone

There is no downside to stupid. Biden is proof.
.
.

Exactly.


18 posted on 08/17/2021 1:31:40 PM PDT by snarkytart
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To: SeekAndFind

They are just stretching out the timeline. Get it over with.


19 posted on 08/17/2021 1:32:53 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: Organic Panic

Yep. Pay now, or pay later. You still have to pay... unless New Zealand wants to isolate itself from the rest of the world indefinitely...


20 posted on 08/17/2021 2:58:30 PM PDT by SeekAndFind
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