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New Zealand’s central bank boosts asset purchases

by CBDC Insider Staff
August 12, 2020
in Business
Reading Time: 1min read
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New Zealand’s central bank boosts asset purchases
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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

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