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
