RBNZ boosts asset purchases and prepares new policies
Negative rates and funding for lending programme under “active preparation”
The Reserve Bank of New Zealand has added a further NZ$40 billion ($26 billion) to its asset purchase programme, as policy-makers prepare for the end of some emergency fiscal measures.
Governor Adrian Orr added in remarks today (August 12) that other policies were under “active preparation” at the central bank, including negative rates and a “funding for lending” scheme.
“The deployment of such tools will depend on the outlook for inflation and employment,” said Orr, noting the monetary policy
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