MPC Decides to Expand LSAP

  • May 14, 2020 NZST
  • Team Kalkine
MPC Decides to Expand LSAP

Monetary Policy Committee (MCP) has decided to increase the LSAP (Large Scale Asset Purchase) programme to $60 billion, up from the prior limit of $33 billion. This programme includes NZ Government Bonds and New Zealand Government Inflation-Indexed Bonds along with the Local Government Funding Agency Bonds.

  • The Committee decided to keep the size of the LSAP programme sufficiently large to keep interest rates lower across the yield curve;
  • The Official Cash Rate (OCR) is being held at 0.25 per cent in accordance with the guidance issued on 16 March.

 


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