RBNZ agrees plan to reverse QE

Central bank expects to sell off NZ$50 billion by 2027

Reserve Bank of New Zealand
Photo: Phillip Capper/Flickr

The Reserve Bank of New Zealand has detailed its plans to begin selling its pandemic bond holdings in July.

The decision to sell NZ$50 billion (US$31.5 billion) purchased under the Large Scale Asset Purchase (LSAP) programme was made at the monetary policy meeting in February.

Under a memorandum of understanding with the Treasury signed on June 7, the central bank will sell NZ$5 billion per financial year. It will sell bonds in order of maturity date, beginning with the longest maturity

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account