Finance Minister quashes idea of RBNZ buying bonds directly from government

Finance Minister quashes idea of RBNZ buying bonds directly from government
Rebecca Howard
Markets have been abuzz with the possibility the Reserve Bank could buy bonds directly from the government but Finance Minister Grant Robertson has poured cold water on the idea – at least for now. “We’re getting well ahead of ourselves talking about that,” he told journalists today. However, “there will come a time when we will need some more stimulus in the economy. There is a range of options available to us and we haven’t made any decisions about that,” Robertson said. So far, the central bank has embarked on a large-scale asset-bu...

More Economy

Pros and cons of a corporate tax cut
Economy

Pros and cons of a corporate tax cut

Business groups are keen for a cut; others doubt its impact and feasibility.

Jobs data keep RBNZ on track to cut by 50bps in Feb
Economy

Jobs data keep RBNZ on track to cut by 50bps in Feb

The RBNZ has already signalled plans to cut by 50bps this month.

Unemployment rate hits 5.1%
Economy

Unemployment rate hits 5.1%

It is the biggest annual employment decline in 15 years.

Risk is a four-letter word in NZ
Economy

Dileepa Fonseka: Risk is a four-letter word in NZ

NZ was once a global leader. Then it got comfortable.

Dileepa Fonseka 03 Feb 2025