The Reserve Bank expands it's Balance Sheet

The Reserve Bank’s balance sheet will continue to grow as it supports the economy and financial system in response to the COVID-19 pandemic. In a speech to the ANZ-KangaNews New Zealand Capital Markets Forum, Assistant Governor Christian Hawkesby outlined how the Bank is using its balance sheet to achieve its monetary policy mandate of low and stable inflation and full employment, ...

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New wage subsidy, leave scheme protects jobs and businesses

New wage subsidy, leave scheme protects jobs and businesses 930,000 jobs supported by new wage subsidy and existing extension Leave Support scheme simplified to encourage people to get tested  Mortgage deferral scheme extended until 31 March 2021 Workers whose jobs may be affected by the re-emergence of COVID-19 in Auckland will be supported by a new wage subsidy scheme and a simplified leave scheme. The ...

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Further easing in monetary policy delivered

The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain the same and the Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March. Reflecting a ...

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Tax Talk Newsletter Winter 2020

Time to collect debts We all have a lot of sympathy for the many businesses destroyed by the Draconian measures taken to stamp out Covid-19 from New Zealand. We have suddenly moved into a new business environment. There are going to be those walking a tightrope to survival. Others will desperately try to trade with no real hope of their business recovering. ...

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PGF creates more than 10k jobs, success stories across NZ

More than 13,000 people have been employed so far thanks to the Coalition Government’s Provincial Growth Fund, Regional Economic Development Minister Shane Jones has today announced. The number of jobs created by Provincial Growth Fund (PGF) investments has outstripped the 10,000 jobs target that the Government and Provincial Development Unit (PDU) hoped the fund would achieve. “And it doesn’t stop there,” Shane ...

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