Monetary Policy easing to continue | Forex Factory

  • Monetary Policy easing to continue

    From rbnz.govt.nz

    The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) programme aimed at keeping interest rates low for the foreseeable future. The LSAP quantum remains set at $60 billion. The assets included are New Zealand Government Bonds, Local Government Funding Agency Bonds, and NZ Government Inflation-Indexed Bonds. The Committee is committed to reviewing this quantum at regular intervals, with a focus on achieving its remit. The Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March. New Zealand has contained the spread of COVID-19 ... (full story)

Added at 9:06pm

Added at 9:09pm
Added at 9:09pm

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jegas
Jun 23, 2020 9:09pm
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After a spike rebound ?
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louisfx
Jun 23, 2020 11:42pm
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Aud/Nzd long
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cogs
Jun 23, 2020 9:34pm
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But, but with virtually no V cases in NZ the financial system needs propping up? But I thought the V was the cause of financial collapse? Shock, awe, surprise surprise.
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profxvn8
Jun 23, 2020 9:03pm
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ok
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Trader#83B6
Jun 23, 2020 11:54pm
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Quoting louisfx
Aud/Nzd long
Tourism is New Zealand's biggest export industry, contributing 20.4% of total exports. Tourism generates a direct annual contribution to GDP of $16.2 billion, or 5.8%, and a further indirect contribution of $11.2 billion, another 4% of New Zealand's total GDP

c4.0m tourist p.a to NZ, if that dries up, it hurts.
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