More QE! RBNZ To Fire 30 Billion Bazooka At Virus

Never a dull moment. In the latest effort from central banks to combat what's expected to be a severe global recession tied to the various containment efforts aimed at stopping the spread of COVID-19, New Zealand on Monday announced QE. The move comes just days after Australia rolled out an asset purchase program and yield-targeting, and exactly one week after RBNZ cut rates by 75bps. When announcing last week's rate cut, RBNZ suggested QE was the likely next step. "Assuming markets are fun