RBNZ says prolonged monetary stimulus still necessary

RBNZ says prolonged monetary stimulus still necessary
The central bank also left its large-scale asset purchase programme unchanged at $100 billion. Reserve Bank governor Adrian Orr.
Rebecca Howard
The Reserve Bank of New Zealand reiterated prolonged monetary stimulus remains necessary and held the official cash rate at a record low 0.25%.  The central bank also left its large-scale asset purchase programme unchanged at $100 billion. “The economic outlook ahead remains highly uncertain, determined in large part by any future health-related social restrictions. This ongoing uncertainty is expected to constrain business investment and household spending growth,” members of the Monetary Policy Committee said.The committee ag...

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