New Zealand's central bank could expand its government bond buying programme further though it hopes to have more certainty in about three months' time on whether to go harder or ease back stimulus, a top official said on Tuesday.
SYDNEY - New Zealand’s central bank could expand its government bond buying programme further though it hopes to have more certainty in about three months’ time on whether to go harder or ease back stimulus, a top official said on Tuesday.
“This is a situation where we have all been operating with an enormous degree of uncertainty,” Bascand told Reuters in an interview, referring to the coronavirus crisis. It also flagged a possible shift to negative interest rates, saying it has asked banks to be ready for the regime by year-end.
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