Govt hikes bond buying forecast to $25b

Govt hikes bond buying forecast to $25b
Inflation-indexed bonds could be set for a comeback.
Dan Brunskill
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-...

More Finance

Fonterra fattens margins when its farmers are getting squeezed
Finance

Fonterra fattens margins when its farmers are getting squeezed

The co-op released its quarter one results on Thursday.

Riley Kennedy 08 Dec 2023
AJ Park profit up by 4%
Finance Free

AJ Park profit up by 4%

The NZ firm is building a strong international reputation as its profits continue to rise.

Fonterra lifts payout, earning forecast
Finance

Fonterra lifts payout, earning forecast

The lift comes after the recent lift in global prices.

Riley Kennedy 07 Dec 2023