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ANZ economists now predict the Reserve Bank will increase the quantitative easing programme to $90 billion by August if not sooner
Put your hands to your ears or you may be deafened. Less than a week after the Reserve Bank again brought out its formidable cash-spraying 'bazooka', economists at the country's largest bank now pick the RBNZ will be ready to launch yet another salvo by August if not earlier. Last week the RBNZ increased the size of the quantitative easing programme (QE) from $33 billion to $60 billion. But already, now ANZ economists say the programme will need to be increased to $90 billion. The RBNZ launched its bond buying programme less than two months ago, originally with a targeted size of $30 billion. If the ANZ economists ... (full story)