NZD forecasts as "expect the RBNZ to eventually double their QE program"

Economists at Kiwibank say they expect the Reserve Bank of New Zealand QE program to inflate further.

• Citing an accelerating COVID-19 ex-NZ

NZD forecast:

• 0.6700 by year-end

On the QE program:

• QEI was the initial $30b (actually make it $33b) commitment, in March.
• QEII in May, doubling the program to $60b over 12 months to May 2021.
• QEIII, to be announced in August, will likely push the limit towards $100b, over a longer time frame into 2022. The program could then be extended to $120b into 2023. Extending QE in both duration and size is the (inevitable) next step for the RBNZ.

more to come