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Prolonged Stimulus Needed to Meet Inflation, Employment Goals, RBNZ Says

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WELLINGTON, New Zealand—New Zealand’s central bank said prolonged monetary stimulus will be necessary to meet its inflation and employment goals during economic recovery from the Covid-19 pandemic.

The Reserve Bank of New Zealand, as expected, left its official cash rate unchanged at 0.25% on Wednesday and maintained a 100 billion New Zealand dollar (US$73.45 billion) limit for its market purchases of New Zealand government bonds.

Despite…

Read more at www.wsj.com

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