RBNZ signals direct bank funding this year; keeps policy unchanged

Wed, 23 Sep 2020

The Reserve Bank held its quantitative easing programme at $100 billion and kept the official cash rate at 0.25 percent, while signalling direct bank funding could start before the end of the year.In its September policy review, the monetary policy committee noted that global economic activity had increased in recent months as pandemic restrictions had eased but said the balance of risks remained to the downside.“Any significant change in the global and domestic economic outlook remain dependent on the containment of the virus, which is h...

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