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May 28, 2021 12:11 GMTFXStreet News Lee Sue Ann, Economist at UOB Group, comments on the latest RBNZ meeting. Key Quotes “The Reserve Bank of New Zealand (RBNZ), at its May Meeting, decided to maintain the current stimulatory level of monetary settings – the Official Cash Rate (OCR) at 0.25%, and the Large Scale Asset Purchase (LSAP) and Funding for Lending (FLP) programmes unchanged.” “In the accompanying media release, the RBNZ stated that the Committee agreed to maintain its current stimulatory monetary settings until it is confident that consumer price inflation will be sustained at the 2% per annum target midpoint, and that employment is at or above its maximum sustainable level. Meeting these requirements will necessitate considerable time and patience. However, unlike April’s media release, the RBNZ omitted the statement: “The Committee also agreed that it was prepared to lower the OCR if required”. In fact, the projections in the May Monetary Policy Statemen

New zealandLee sue annReserve bankPmay meetingOfficial cash rateLarge scale asset purchaseMay monetary policy statementபுதியது ஜீலாந்துலீ வழக்கு ஆண்டுஇருப்பு வங்கிஇருக்கலாம் சந்தித்தல்அதிகாரி பணம் ரேட்பெரியது அளவு சொத்து கொள்முதல்இருக்கலாம் பண பாலிஸீ அறிக்கை