RBNZ Announced QE to Tame Tightening Market Conditions

<p>RBNZ announced QE on Monday, following an aggressive emergency rate cut, by -75 bps, to 0.25% last week. The surprising move aims at soothing the credit conditions which have tightened significantly over the past weeks. Besides QE, the central bank last week introduced a Term Auction Facility, FX swap and a NZ$30B US dollar swap […]</p>
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