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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 ...

7/14/2021 2:02:22 AM GMT | By FXStreet Team The Reserve Bank of New Zealand's Monetary Policy Statement is out.  There are no forecasts published, so there’s no need for the RBNZ to be prescriptive about precisely when they expect to kick off hikes, but the key notes are as follows: RBNZ leaves the official cash rate unchanged at 0.25% as expected ... Additional notes MPC agreed to reduce current stimulatory level of monetary settings. Will halt additional asset purchases under the large scale asset purchase (LSAP) programme by 23 July 2021. Press r...

Press Release – Reserve Bank 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 Reserve Bank will halt additional asset purchases under the … 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 Reserve Bank will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) programme by 23 July 2021. The Commit...

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 Reserve Bank will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) programme by 23 July 2021. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent and the Funding for Lending Programme unchanged. The global economic outlook continues to improve, providing ongoing price support for New Zealand’s export commodities. Global monetary and fiscal settings remain at accomm...

4 Min Read WELLINGTON (Reuters) -New Zealand’s central bank on Wednesday announced a halt to its pandemic-induced quantitative easing programme, sending the Kiwi dollar soaring as markets bet that a rate hike was now imminent this year. FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray The Reserve Bank of New Zealand (RBNZ) kept its official cash rate at 0.25% but cut short a NZ$100 billion ($70 billion) bond buying programme, prompting local banks to bring forward calls for a...