Reserve Bank to sell about $5b of bonds a year

Thu, 09 Jun 2022

The Reserve Bank is signalling it's likely to print money again in the future.The central bank bought about $55 billion of government and local government funding agency (LGFA) bonds between March 2020 and July 2021 as one of a number of measures to cushion the impact of the covid-19 pandemic on the economy.This is known as its large-scale asset purchase programme (LSAP).The central bank says from July it intends to sell $5b of the government bonds a year to New Zealand Debt Management (NZDM), which is part of the Treasury, in order of matu...

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