Govt hikes bond buying forecast to $25b

Inflation-indexed bonds could be set for a comeback.

Thu, 19 May 2022

The New Zealand government will issue an extra $7 billion in bonds in each of the next three years, as the Reserve Bank begins to sell down the bonds it bought during the pandemic. An update to the forecast Crown borrowing programme released by Treasury alongside Budget 2022, shows the NZ Government Bond programme for the 2022/2023 year has been set at $25b.This is $7b higher than predicted in the half year economic forecast as it incorporates $5b of bond sales from the RBNZ, which will begin offloading the bonds it bought under its Large-...

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