MARKET OPEN: Central banks take centre stage as RBNZ review looms

Wed, 23 Sep 2020

Central banks are top of mind for investors as they look for more economic support as the covid-19 pandemic grips Europe more tightly.And while New Zealand’s Reserve Bank is poised to review monetary policy at 2pm local time, economists don’t expect the committee will veer from their script of keeping the official cash rate at 0.25 percent until early next year, and maintaining the current pace of quantitative easing.The direction of travel is important, with US Federal Reserve chair Jerome Powell pressing legislators for more fisca...

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