RBNZ's Bascand says central bank 'can and will' do more if needed

Thu, 13 Aug 2020

The impact of three days of covid-19 restrictions isn’t “major” and won’t alter the central bank’s outlook but it will do more if necessary, Reserve Bank deputy governor Geoff Bascand has told BusinessDesk.“We can do more and we will do more if needed,” he said after the central bank lifted its large-scale asset purchase programme to $100 billion from $60 billion and kept negative interest rates and foreign asset purchases on the table.Bascand said the bank has always pointed to the downside risk o...

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