RBNZ can bide its time as govt provides targeted assistance

RBNZ can bide its time as govt provides targeted assistance
Rebecca Howard
The government is already providing targeted assistance to help businesses weather the impact of covid-19, giving the Reserve Bank time to evaluate before making a move, said deputy governor Geoff Bascand.“We want to be considered and think through this a little more,” he told BusinessDesk in response to a question about why the central bank didn’t carry out an emergency rate cut earlier this month. The US Federal Reserve cut its federal funds rate half a percentage point to a 1-to-1.25 percent band out of cycle and central banks around the wor...

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