RBNZ calls halt to quantitative easing
Central bank has bought considerably less than its NZ$100 billion limit
The Reserve Bank of New Zealand will halt its quantitative easing programme later this month, becoming the latest central bank to dial back monetary easing as the recovery from Covid-19 continues.
The RBNZ said it would stop buying government bonds under its large-scale asset purchase (LSAP) programme by July 23.
In today’s (July 14) policy decision, the monetary policy committee also chose to keep the main rate unchanged and retain the funding for lending programme. The committee noted
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