Economy

RBNZ revs up the printing press, doesn't rule out negative rates

Rebecca Howard
Wed, 12 Aug 2020

Rebecca Howard
Wed, 12 Aug 2020
The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme to $100 billion and reiterated that negative interest rates and foreign assets purchases are still on the table.  "Reflecting a possible need for further monetary stimulus, the committee also agreed that a package of additional monetary instruments must remain in active preparation. The deployment of such tools will depend on the outlook for inflation and employment," the bank said in a statement.  The decisions...

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