'Never say never' but Robertson not keen on direct money-printing

Fri, 08 May 2020

Finance Minister Grant Robertson is not ruling out ever having the Reserve Bank create money by buying bonds straight from the government but says doing so now is unnecessary and would send the wrong signals to the financial markets. "We don't see the need for that," he said in comments at a press conference today. "The arrangements we have with them do support the operation of the financial system. Bond markets continue to operate well." The Reserve Bank is currently buying government bonds on the secondary market to stimulate economic a...

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