Treasury begins paying for losses incurred by the Reserve Bank
The cost of the large-scale asset purchase programme will go up as interest rates rise.
Reserve Bank governor Adrian Orr.
Brent Edwards
Mon, 01 Aug 2022
Treasury secretary Dr Caralee McLiesh has been given authority to spend $150-$200 million a month to pay for the losses the Reserve Bank is incurring on its large-scale asset purchasing programme.
Those payments will likely go up as New Zealand Debt Management begins to buy back government bonds
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Brent Edwards
Mon, 01 Aug 2022
Contact the Writer: brent@nbr.co.nz
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