WELLINGTON, May 13 (Reuters) - The Reserve Bank of New Zealand (RBNZ) on Wednesday held the official cash rate at 0.25% but said it was prepared to use additional monetary policy tools if needed, including reducing the cash rate further.
RBNZ also expanded its large scale asset purchase programme to NZ$60 billion ($36.22 billion).
A Reuters poll of economists had expected RBNZ to hold rates.
The New Zealand dollar NZD=D4 fell 0.6% after the decision.
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