Strong messaging from the Reserve Bank of New Zealand earlier this moth with an unexpected announcement that one of its major economic support packages (quantitative easing) would end by July 23. What does that mean and what are the implications for investors, borrowers, and savers? Quantitative easing or what in New Zealand is called the “large scale asset purchase” (LSAP) program was a response to the extraordinary economic impact of the Covid-19 pandemic. The idea of the LSAP was to pump money into the economy and keep growth and jobs happening. Under the LSAP, the Reserve Bank has pu (full story)