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RBNZ Recommits to Funding for Lending Program Until End of 2022

New Zealand’s central bank reiterated its pledge to continue its Funding for Lending Program until the end of 2022 as planned, saying this will ensure its credibility as a policy tool if it were to be needed again.

“The commitment to the FLP is important to ensure this tool remains credible for future use if required,” the Reserve Bank said in comments released Thursday in Wellington. The RBNZ was responding to questions from finance news website interest.co.nz, which reported them earlier.