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MNI BRIEF: RBNZ To End QE Purchases

MNI (Sydney)

The Reserve Bank of New Zealand will end any additional purchases under its Large Scale Asset Purchase (LSAP) bond buying programme.

The RBNZ's Monetary Policy Committee made the decision at its meeting today and also left the Official Cash Rate unchanged at a record low 0.25%.

The central bank has purchased around NZD60 billion (USD41.9 billion) of bonds under the LSAP, which originally had a limit of NZD100 billion. The central bank said it would halt additional purchases from July 23.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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