RBNZ to buy $30b of govt bonds in latest economic support

RBNZ to buy $30b of govt bonds in latest economic support
Rebecca Howard
The Reserve Bank will move to the next, unprecedented stage of emergency support for the New Zealand economy in response to the covid-19 virus global crisis, committing to buy $30 billion of government bonds over the next 12 months.The central bank had promised that its next move would be quantitative easing - a way of pumping new money into the economy by buying debt from the government - after cutting the official cash rate to a historic low of 0.25 percent just a week ago.“The negative economic implications of the coronavirus outbreak have c...

More Economy

Shuffling the deckchairs for science
Economy

Shuffling the deckchairs for science

The Government will move $212m from existing programmes to fund science reforms.

Greg Hurrell 23 May 2025
Budget 2025: 20% depreciation boost
Economy

Budget 2025: 20% depreciation boost

The initiative seeks to make capital investment more attractive.

Pattrick Smellie 22 May 2025
Budget 2025: Bond programme tweaked higher
Economy

Budget 2025: Bond programme tweaked higher

Strong demand for NZ bonds means some of the lift is already in place. 

Rebecca Howard 22 May 2025
Budget 2025: Banking on a boost from investment
Economy

Budget 2025: Banking on a boost from investment

The Treasury picks a wafer-thin surplus in the year to June 2029. 

Rebecca Howard 22 May 2025