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NZD/USD Still Under Pressure as RBNZ Eases Dividend Restrictions
It has been reported that the Reserve Bank of New Zealand (RBNZ) has made some adjustments to its existing pandemic statutes to allow banks to pay out dividends from as much as 50% of their earnings. This move represents a significant easing of pandemic-related regulations which central banks across the world passed so that banks could retain sufficient liquidity to ride out the coronavirus pandemic. Satisfied that the worst of the pandemic’s economic impact has passed, the RBNZ has made this move and could lift the restrictions fully by July 2022, subject to the stability of economic conditions. The NZD/USD pair ... (full story)