RBNZ revs up the printing press, doesn't rule out negative rates
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 fur...
New lockdown restrictions up the ante on Reserve Bank
Economists had been divided on whether the central bank would print more money to help support the economy, but news of community transmission has moved the dial to the dovish side.The Reserve Bank of NZ is due to make a rates announcement and publish its monetary policy statemen...
Air NZ makes masks mandatory, SkyCity closes casino
Air New Zealand passengers departing from Auckland will now be required to wear masks and its Auckland lounges and valet parking will close from midday as the city moves to alert level 3.Customers were welcome to bring their own masks or they will be provided by the airline onboa...
MARKET OPEN: Lockdown weighs on NZ dollar, sentiment
The New Zealand dollar is weaker and domestic traders will be jittery after new NZ lockdown restrictions were imposed after four cases of covid-19 were detected outside of quarantine. Prime Minister Jacinda Ardern and Director-General of Health Ashley Bloomfield said last nig...
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