About: http://data.cimple.eu/news-article/380c66715270288168e427b54cda8e81f2a318e23c0ab61c6fd72833

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/380c66715270288168e427b54cda8e81f2a318e23c0ab61c6fd72833 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	New Zealand's central bank announced plans to spend NZ$30 billion (US$17.1 billion) on government bonds Monday as a way of stimulating the virus-hit economy. The move comes after the Reserve Bank of New Zealand last week slashed its base rate to 0.25 percent and the government unveiled a NZ$12.1 billion spending package with a promise of more to come. "The negative economic implications of the coronavirus outbreak have continued to intensify," the bank said in a statement. The monetary policy committee "agreed that further monetary stimulus is needed to meet its inflation and employment objectives." New Zealand has 66 confirmed cases of COVID-19 and no deaths yet in a population of around five million. The economy, heavily reliant on tourism and farm exports, is worth about NZ$310 billion a year, making the bank's bond spending spree equivalent to almost 10 percent of gross domestic product. The bank said global and domestic travel restrictions were impacting economic activity, with the number of people infected by the virus worldwide was rising rapidly. "The programme aims to provide further support to the economy, build confidence, and keep interest rates on government bonds low," it said. The move was announced before the sharemarket opened, but initial reaction from analysts was positive. "The RBNZ has delivered today with a massive quantitative easing program," ANZ Bank's chief New Zealand economist Sharon Zollner said in a note to clients. "We are optimistic it will succeed in bringing long interest rates back down and facilitating the required huge ramp-up in government spending." Finance Minister Grant Robertson said that while the central bank acted independently, the government supported the purchase program. "We are all uniting together -- the government, the Reserve Bank, private businesses and the retail banks -- to cushion the impact on New Zealand from this global pandemic," he said. ns/ch
schema:headline	New Zealand central bank to inject $17.1 bln into economy
schema:mentions	Grant Robertson Ariel Sharon Reliant Motors Finance minister Inflation Gross domestic product Pandemic Virus Severe acute respiratory syndrome coronavirus 2 Base rate Australia and New Zealand Banking Group Monetary Policy Committee (United Kingdom) Quantitative easing Intensify Cleveland Browns relocation controversy Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software