PHOTO: 123RFThe Reserve Bank has pledged to do ‘whatever it takes’ to ensure economy continues to function amid global pandemic.
OPINION: The evolving coronavirus outbreak has unsettled communities around the world, creating uncertainty about the future.
New Zealand is no exception. But we start in the best possible relative position.
Our financial system is in good shape, with our trading banks having lots of capital and plenty of cash to help their customers through these testing times.
The Reserve Bank is making sure our financial system works effectively.
We cut the Official Cash Rate from 1 percent to 0.25 percent and committed to keep it there for at least the next year.
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