Economy

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

Rebecca Howard
Wed, 12 Aug 2020

Rebecca Howard
Wed, 12 Aug 2020
(Updates to add comment from RBNZ governor and assistant governor)  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 infla...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
BARRY COATES: Inside the Black Box
Barry Coates | Sun, 27 Sep 2020

Ethical investment holds more surprises than many would expect.

Election 2020 Dear minister
MATTHEW NOLAN: Resources and red tape; the plant industry's election wishlist
Matthew Nolan | Sun, 27 Sep 2020

Many Kiwis give little thought to the plant industry. But we all benefit from it.

Opinion
JEHAN CASINADER: NZ is better for 'special entry' medical students
Jehan Casinader | Sat, 26 Sep 2020

The good reasons why the highest grades should not be the only route to medical school

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.