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The Reserve Bank says its money printing policies when the Covid pandemic hit in 2020 helped save the economy even though they also helped to overheat the economy and fuel inflation.
The Reserve Bank next month will start reducing the $54 billion stockpile of government bonds acquired during the initial outbreak of Covid-19.
OPINION: The signals are saying get interest rates up, quickly. If only it was that easy.
Analysis - The central bank will likely hold its official cash rate steady, and leave other key policies unchanged, Business Editor Gyles Beckford writes.
Photo: RNZ / Alexander Robertson The central bank is expected to hold its official cash rate at 0.25 percent, and leave other key policies - the Large Scale Asset Programme (LSAP) and Funding for Lending Programme (FLP) - unchanged, as it maintains its path of least regrets. "We expect a good deal of cut and paste from February's statement, in particular that the economy is still rather vulnerable and therefore monetary stimulus is still warranted, and if some of the downside risks come to fruition they stand ready to act if required," ANZ chief economist Sharon Zollner said. She said the eco...