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Last Week’s Highlights
RBNZ keeps rates steady but further easing likely
The Reserve Bank of New Zealand held its monetary policy meeting last week.
As widely expected, the central bank left its key interest rates steady at 0.25%. The RBNZ also left its asset purchases unchanged at NZD100 billion.
The central bank did, however, signal that it was ready to provide additional stimulus in the near term.
Policymakers assessed that further stimulus might be needed, affirming that the Funding for Lending program, negative interest rates, and foreign asset purchases are some of the tools it is considering.
Eurozone private sector growth stalls in September
The latest flash PMI’s for the month of September for the eurozone shows that growth is stalling. This comes after a resurgence in coronavirus infection rates.
While growth was registered at a faster pace in manufacturing, it was not the same in the services sector.
The flash composite PMI for the eurozone showed that the index fell t...
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