RBNZ Governor Adrian Orr said at a parliamentary committee meeting, “in our projections, conditional to the economic outlook continuing to unfold as anticipated, about this time next year if not further on we see ourselves in a positive position of being able to start to normalize monetary conditions towards somewhat neutral position.”
As for the NZD 100B Large Scale Asset Purchase program, it will continue at the current rate through to June 2022. Any changes to the purchases will be driven by market functioning.
