The Reserve Bank is gearing up to use tools such as funding for lending to stimulate economic growth.
According to a KPMG report, bank profits have taken a hit and are around half of what they were last year.
We can't forget the thousands of Kiwis who are suffering due to the economic fallout from COVID-19 writes Maddison Reidy.
GDP provides a snapshot of the value added to the economy.
Leading economists put the record-drop in GDP in perspective.
However RBNZ urged banks to put aside more capital.
Gross Domestic Product is negative for two consecutive quarters.
The latest GDP figures, out on Thursday, are expected to show a huge drop. But just how big, no one can agree on.
The June quarter doesn't take into account the prolonged lockdown in Melbourne.