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More QE possible, Reserve Bank says

Central bank leaves the OCR unchanged but is downbeat on the economic outlook.

Maria Slade Wed, 24 Jun 2020

The Reserve Bank is leaving the door open to increasing its quantitative easing programme if the ongoing Covid-19 pandemic causes more damage to the economy.

As per its guidance prior to the country going into lockdown, the central bank has left the official cash rate (OCR) at 0.25% again.

At

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