Dawn chorus: More money printing
RBNZ expected to detail $30-50b of new money printing in FLP for banks; Key question is whether or not strings are attached, and whether LVRs may be reintroduced; I argue for Helicopter Money instead
Morena: The Reserve Bank will release its Monetary Policy Statement at 2pm today and is expected to announce a Funding for Lending Programme (FLP) of near-zero-percent lending to banks that could be worth $30b to $50b. That would bring the total money printing to up to $150b over the next two years and potentially add another impetus to house prices.
The…
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