RBNZ Orr: Aim of our QE program is to keep the rates very low

BY admin admin

RBNZ announce a 30B bond buying program yesterday
The RBNZ Orr is speaking on radio New Zealand and says
The Monetary policy committee said that "further monetary stimulus is needed to meet its inflation and employment objectives" and they saw the need to launch this bond buying programme because financial conditions tightened "unnecessarily" over the past week.

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