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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
8 mins to read

Covid-19 pay dirt for banks

The Reserve Bank’s money printing programme has generated a bonanza for bond traders.

Maria Slade Mon, 08 Jun 2020

New Zealand and overseas banks have earned millions of dollars in extra profits out of the Reserve Bank’s efforts to shore up the financial system against Covid-19.

The bonus payday for bankers is an unintended consequence of the central bank’s unprecedented $60 billion quantitative easing

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Covid-19 pay dirt for banks
General Business,
83860
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