Reserve Bank turns on QE tap
Some $30 billion worth of New Zealand government bonds to be bought over the next 12 months.
Brent Edwards
Mon, 23 Mar 2020
Hot Topic
Hawke’s Bay
Just a week after cutting its official cash rate to 0.25%, the Reserve Bank is now starting to buy government bonds to help offset the economic impacts of the Covid-19 coronavirus pandemic.
In a statement today it said its Monetary Policy Committee had agreed to buy $30 billion worth of New
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Brent Edwards
Mon, 23 Mar 2020
Contact the Writer: brent@nbr.co.nz
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Reserve Bank turns on QE tap
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