New Zealand’s economy needs less fiscal or monetary policy support than previously thought, former Reserve Bank of New Zealand (RBNZ) Chief Economist Sharon Zollner said in an MNI interview. Additional quotes “Lower-than-expected government borrowing and economic recovery mean the RBNZ is unlikely to reach the NZD100 billion cap on its bond-buying program by the target of June 2022. “ “The QE program is fading into the background as the government issues few bonds and the economy recovers.” Commenting on this week’s RBNZ decision, Zollner said the bank has “the luxury of waiting before they make the next call.” While economic data was mixed, 2021 would “not be a deflationary year”, but at the same time “the hurdle to either raise or cut rates is high.” “There is a high tolerance for inaction.” Related reads NZ PM Ardern: Next steps are to open the bubble to Pacific nations, ‘travel-bubble’ with Australia begins FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bancor collaborates with mStable to deepen MTA pool while BNT price eyes quick 15% surge FX Street 2 years New Zealand's economy needs less fiscal or monetary policy support than previously thought, former Reserve Bank of New Zealand (RBNZ) Chief Economist Sharon Zollner said in an MNI interview. Additional quotes "Lower-than-expected government borrowing and economic recovery mean the RBNZ is unlikely to reach the NZD100 billion cap on its bond-buying program by the target of June 2022. " "The QE program is fading into the background as the government issues few bonds and the economy recovers." Commenting on this week's RBNZ decision, Zollner said the bank has "the luxury of waiting before they make the next call." While… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
