WELLINGTON, Sept 23 (Reuters) - The Reserve Bank of New Zealand (RBNZ) held its official cash rate at 0.25% in a widely expected decision on Wednesday, as data suggested the economic hit from the coronavirus was less severe than initially feared.
Economists in a Reuters poll had unanimously expected the RBNZ to hold rates.
The bank also retained its large scale asset purchase (LSAP) programme at as much as NZ$100 billion ($66.32 billion).
($1 = 1.5078 New Zealand dollars) (([email protected]; +6448028163; Reuters Messaging: [email protected]; Twitter: https://twitter.com/Journopraveen))
- Forums
- Forex
- News: NZ's central bank holds rates at 0.25%, no change to asset purchase programme
News: NZ's central bank holds rates at 0.25%, no change to asset purchase programme
Featured News
Featured News
The Watchlist
3DA
AMAERO LTD
Hank Holland, Chairman and CEO
Hank Holland
Chairman and CEO
Previous Video
Next Video
SPONSORED BY The Market Online