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2021-07-15 02:05:28 GMT2021-07-15 10:05:28(Beijing Time) Xinhua English WELLINGTON, July 15 (Xinhua) New Zealand s central bank announced in a statement 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 of New Zealand will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) program by July 23, 2021. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent and the Funding for Lending Programme unchanged, the Reserve Bank s Monetary Policy Committee said on Wednesday. The committee said the global economic outlook continues to improve, providing ongoing price support for New Zealand s export commodities. Global monetary and fiscal settings remain at accommodative levels supporting the recovery in economic activity. Rising vaccination rates across many countries are providing further economic impetus. However, the nee ....
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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 Large Scale Asset Purchase (LSAP) programme by 23 July 2021, it said. ....
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 release 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. ....