New Zealand central bank expanded the asset purchase programme unexpectedly on Wednesday as downside risk to the outlook remains amid global economic disruption caused by the coronavirus pandemic. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to expand the Large Scale Asset Purchase programme up to NZ$100 billion and also agreed that a package of additional monetary instruments must remain in active preparation.
The central bank retained its key interest rate at 0.25 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.