Economists laud size of RBNZ QE plans

Mon, 23 Mar 2020

Economists lauded the size of the Reserve Bank’s next, unprecedented stage of emergency support for the New Zealand economy after it committed to buying $30 billion of government bonds over the next 12 months.“This package is huge. Our analysis last week flagged the need for purchases of $15-to-$20 billion per annum, if not more, and this announcement is even larger than that. Our expectations were at the top end of market expectations, so we expect this package to have a significant impact,” said ANZ Bank strategist David Croy.This is a “massi...

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