Finance Minister quashes idea of RBNZ buying bonds directly from government

Fri, 24 Apr 2020

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...

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