Reserve Bank of New Zealand Assistant Governor Christian Hawkesby speaking:
- RBNZ balance sheet will continue to grow as it supports the economy
- says the size and composition of balance sheet will become a more active tool for monetary policy decision
- not the bank's goal to minimise financial risk on the balance sheet "during these unprecedented times"
- the implications of Covid19 are not over, either globally or here in New Zealand
- lower or negative OCR, funding for lending programme, purchases of foreign assets, and interest rate swaps all remain possible policy options
Headlines via Reuters, bolding mine.
