Basic Forex

RBNZ Adds to Asset Purchases, Gives Nod to the Potential for Negative Rates

The RBNZ increased its asset purchase program (LSAP) from NZ$60 billion to up to NZ$100 billion on Wednesday. The central bank also extended the deadline for purchases to mid-2022. The Large-Scale Asset Purchase Programme (LSAP) was launched in March to lower interest rates and provide liquidity to financial markets. What appears to have surprised the …

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