ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

New Zealand central bank surprises by reducing stimulus

Kiwi dollar jumps after RBNZ halts pandemic bond-buying program

The Reserve Bank of New Zealand announced a halt to its pandemic-induced NZ$100 billion bond purchase program on July 14.   © Reuters

WELLINGTON (Reuters) -- New Zealand's central bank on Wednesday announced a halt to its pandemic-induced NZ$100 billion ($70 billion) bond purchase program, sending the Kiwi dollar soaring as markets took it as sign that a rate hike was not far away.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more