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The Reserve Bank of New Zealand (RBNZ) just issued its monetary policy statement today. It decided to continue the quantitative easing program (known as LSAP – Large Scale Asset Purchase Programme) and to keep the official cash rate at 0.25%.
New Zealand has been viewed as one of the few places in the world where the pandemic was controlled with relative success. It led by example, showing other developed countries that it can be done.…
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