WELLINGTON, June 24 (Reuters) - The Reserve Bank of New Zealand (RBNZ) held its official cash rate at 0.25% in a widely expected move on Wednesday and maintained its large scale asset purchase (LSAP) programme at NZ$60 billion ($38.78 billion).
Economists in a Reuters poll had unanimously expected RBNZ to hold rates.
"The Monetary Policy Committee is prepared to provide additional stimulus as necessary," the RBNZ said in a post-meeting statement.
"As well as potentially expanding the LSAP programme, the Committee continues to prepare for the use of additional monetary policy tools as needed." ($1 = 1.5473 New Zealand dollars) (([email protected]; +6448028163; Reuters Messaging: [email protected]; Twitter: https://twitter.com/Journopraveen))
