Reserve Bank warns of economic risk in its latest monetary policy statement
MPS committee agreed to expand its monetary stimulus.
Brent Edwards
Wed, 12 Aug 2020
The Reserve Bank is expanding its purchasing of government and local government bonds up to $100 billion and extended the timeline for a year to June 2022 as it tries to put further downward pressure on interest rates.
At the same time, it is keeping the official cash rate unchanged at
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Brent Edwards
Wed, 12 Aug 2020
Contact the Writer: brent@nbr.co.nz
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Reserve Bank warns of economic risk in its latest monetary policy statement
Politics,
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