RBNZ commits to buying up to $3 billion of local government bonds, in addition to $30 billion of central government bonds, to support liquidity

The Reserve Bank (RBNZ) is increasing its quantitative easing programme by committing to buying local government bonds on the secondary market to support liquidity and keep interest rates low.
Its Monetary Policy Committee (MPC) on Sunday decided to extend i… [+7525 chars]Source