New Zealand central bank expands bond purchases, signals negative rates as nation locks in again – WHTC News

New Zealand central bank expands bond purchases, signals negative rates as nation locks in again – WHTC News

Tuesday, August 11, 2020 10:15 p.m. EDT

by Thomson reuters

By Praveen Menon and Swati Pandey

WELLINGTON / SYDNEY (Reuters) – The New Zealand central bank surprised markets on Wednesday by expanding its bond buying program and warned that key rates may have to drop below zero to revive the battered economy. coronavirus as the country plunged back into lockdown.

The Reserve…

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