RBNZ could hike QE by $17 billion in May - ASB

Tue, 14 Apr 2020

ASB Bank says the RBNZ could hike its quantitative easing programme by as much as $17 billion at the May monetary policy meeting.It has made a “strong quantitative easing debut” but is going to have to go harder, said chief economist Nick Tuffley. The RBNZ initially announced a $30 billion twelve-month programme of government bond purchases, which amounted to about half of the entire nominal government bond market at the time.It then said it would add Local Government Funding Agency bonds to its QE mandate, to the tune of $3 billion.Howeve...

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