Reserve Bank acts to bring down interest rates day before Budget
Monetary policy committee says economic situation has deteriorated since it last met.
Brent Edwards
Wed, 13 May 2020
The Reserve Bank has announced it is going to almost double its large-scale asset purchase programme (LSAP), from $33 billion to $60b.
Its decision comes a day before Finance Minister Grant Robertson delivers his third budget, which is expected to include billions of dollars of more spending to
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Brent Edwards
Wed, 13 May 2020
Contact the Writer: brent@nbr.co.nz
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Reserve Bank acts to bring down interest rates day before Budget
Politics,
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