New Zealand central bank reduced its current monetary stimulus as the major downside risks of deflation and high unemployment receded amid improving economic activity.
The Monetary Policy Committee of the Reserve Bank of New Zealand, on Wednesday, decided to halt additional asset purchases under the Large Scale Asset Purchase programme by July 23.
The committee decided to hold the official interest rate at 0.25 percent and the Funding for Lending Programme unchanged.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.