The Reserve Bank of New Zealand – Te Pūtea Matua has today published a background paper that outlines why the Reserve Bank deployed the Large Scale Asset Purchases (LSAP) and Funding for Lending Programme (FLP) as part of its monetary policy response to COVID-19. It also outlines a framework for assessing the impacts of these programmes.

See background note here: Monetary Policy Tools and the RBNZ Balance Sheet
 

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