New Zealand's fiscal stimulus and QE measures in focus

Ross J Burland FXStreet

The Reserve Bank of New Zealand explained that the governor Orr said that if more stimulus is needed he'll use more, explaining that it would be a simple way to boost the economy.

Orr says the RBNZ would "probably" stick to buying no more than 50% of the New Zealand Government Bonds in the market, even though this isn't a "magic number".

Meanwhile, the Financial Minister said the concept of helicopter money is being discussed, but not at a level where have details on how it will work, adding that they are keen to make sure fiscal policy remains with the government.

NZD/USD remains above 0.6100, shrugs off New Zealand Retail Sales data

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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