Reserve Bank to end money printing programme, OCR remains un

Reserve Bank to end money printing programme, OCR remains unchanged


Reserve Bank to end money printing programme, OCR remains unchanged
(Photo / NZ Herald)
Wed, 14 Jul 2021, 2:20PM
The Reserve Bank has kept the official cash rate on hold but says it will reduce economic stimulus by winding up its programme of bond buying - sometimes described as printing money.
The Monetary Policy Committee agreed to reduce the current stimulatory level of monetary settings in order to meet its consumer price and employment objectives over the medium-term, the RBNZ said today in a statement.
"The Reserve Bank will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) programme by 23 July 2021," it said.

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