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In the distinctive "Beehive" parliament building, Prime Minister Jacinda Ardern and her government have garnered lavish global praise for controlling the COVID-19 pandemic where many other leaders failed.
QE, funding for lending maintained RBNZ says impact of new housing rules to be observed (Adds details, analyst comment)
WELLINGTON, April 14 (Reuters) - New Zealand’s central bank left all its current policy settings unchanged on Wednesday, saying monetary stimulus should continue to ensure its inflation and employment targets are met.
The Reserve Bank of New Zealand (RBNZ) also said it needed time to observe the impact of new housing market measures and a gradual revival in tourism on its recovering economy.
It kept the official cash rate (OCR) at a record low of 0.25%, while also continuing the NZ$100 billion ($70.55 billion) quantitative easing and Funding for Lending Programme (FLP) tools, both introduced last year to support a market hit by the COVID-19 pandemic.
The Reserve Bank of New Zealand (RBNZ) said on Tuesday it was expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and anti-money laundering sectors.