RBNZ announced earlier it is to.........>

NEW ZEALAND: RBNZ announced earlier it is to implement $30bn Large Scale Asset

Purchase Programme of NZ Govt Bonds, across a range of maturities, in the

secondary market over the next 12 months. 

- The negative economic implications of the coronavirus outbreak have continued

to intensify. The Committee agreed that further monetary stimulus is needed to

meet its inflation and employment objectives.

- "Globally, the number of people infected with the virus has increased rapidly

and measures to contain the outbreak have become more restrictive. Global trade

and travel, and business and consumer spending have been curtailed

significantly," said the RBNZ. 

- The programme aims to provide further support to the economy, build

confidence, and keep interest rates on government bonds, low, RBNZ added.