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RBNZ: A touch more optimistic. Fri 16 Apr 2021 06:17:54 GMT The RBNZ meeting was pretty uneventful. The interest rate was kept at 0.25% and the Large Scale Asset Purchase (LSAP, $100 billion by June 2022) and Funding for Lending Programme (FLP) was kept unchanged. Here is a brief rundown of the meeting which was essentially on hold, with a tiny hint of optimism. The good The RBNZ recognised the following positive factors for New Zealand Global growth outlook has improved with commitment to monetary and fiscal stimulus as well as the progression of vaccination programmes. The planned trans-Tas...

The Reserve Bank of New Zealand (RBNZ) also retained its large-scale asset purchase (LSAP) programme at NZ$100bil (US$70.55bil or RM291.29bil). WELLINGTON: New Zealand’s central bank held its official cash rate (OCR) at 0.25% in a widely expected move yesterday, saying it needs to observe the economic impact of new housing market measures and the return of some international tourists. The Reserve Bank of New Zealand (RBNZ) also retained its large-scale asset purchase (LSAP) programme at NZ$100bil (US$70.55bil or RM291.29bil). The Funding for Lending Programme (FLP) operation was unchanged. ...

The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase and Funding for Lending programmes unchanged. The global economic outlook has continued to improve since the February Monetary Policy Statement. Ongoing fiscal and monetary stimulus are continuing to underpin the global recovery in economic activity. However, economic uncertainty remains elevated and divergences in econ...

WELLINGTON — New Zealand’s central bank held its official cash rate (OCR) at 0.25% in a widely expected move on Wednesday, saying it needs to observe the…

* 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 cont...