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New Zealand central bank to inject NZ$30b into economy

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New Zealand's central bank announced plans to spend NZ$30 billion (S$24.72 billion) on government bonds Monday as a way of stimulating the virus-hit economy.

[WELLINGTON] New Zealand's central bank announced plans to spend NZ$30 billion (S$24.72 billion) on government bonds Monday as a way of stimulating the virus-hit economy.

The move comes after the Reserve Bank of New Zealand (RBNZ) last week slashed its base rate to 0.25 per cent and the...

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