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

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

(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 pu...

Rebecca Howard 12 Aug 2020
RBNZ revs up the printing press, doesn't rule out negative rates
Economy

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...

Rebecca Howard 12 Aug 2020
New lockdown restrictions up the ante on Reserve Bank
Economy

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...

Rebecca Howard 12 Aug 2020
Air NZ makes masks mandatory, SkyCity closes casino
Coronavirus

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...

Rebecca Howard 12 Aug 2020