RBNZ fires up the printing press, kicks off QE

RBNZ fires up the printing press, kicks off QE
Rebecca Howard
The Reserve Bank of New Zealand fired up its printing press this week, kicking off its first-ever quantitative easing - and it's coming back for even more.QE is sometimes called “printing money” because essentially the central bank creates the funds it needs to buy government bonds on the secondary market. The central bank bought $500 million across the yield curve.Earlier this week, the RBNZ announced plans to buy $30 billion of government bonds over the next 12 months as part of a massive stimulus effort to mitigate the devastating impac...

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