QE from the Reserve Bank of New Zealand - large scale asset purchase program
- to buy NZ government bonds over the next 12 months
RBNZ says program as part of monetary policy stimulus to help support the economy suffering under the coronavirus outbreak. This will be aimed at bringing long interest tares lower.
NZD is down a touch from later Friday, around 0.5683 (it has been lower, lows under 0.5670)
