WELLINGTON, New Zealand–The Reserve Bank of New Zealand said it is boosting monetary stimulus to counter the pandemic’s economic damage.
The central bank on Wednesday raised the limit of its large-scale asset purchase program to 100 billion New Zealand dollars (US$65.77 billion) from NZ$60 billion.
The RBNZ left its cash rate unchanged at 0.25% as expected. It said in March that the rate would stay at that level until the first quarter of next year.
Continue read: https://www.marketwatch.com/story/new-zealands-central-bank-boosts-asset-purchases-2020-08-11
