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Source: New Zealand Treasury:

The Reserve Bank of New Zealand has today announced it will be undertaking Large Scale Asset Purchases (LSAPs) of New Zealand Government Bonds in the secondary market.

New Zealand Debt Management and the Reserve Bank will continue to collaborate closely to ensure the efficient functioning of the New Zealand Government Bond market.

The Reserve Bank’s intention to undertake purchases does not change the forecast core Crown borrowing programme for 2019/2020, as announced on 17 March 2020. Details of issuance plans for the June 2020 quarter will be published before the end of the current quarter.

New Zealand Debt Management will provide an update on forecast borrowing programmes for subsequent years, to year-end June 2024, alongside Budget 2020.

ENDS

Contacts

Andrew Hagan | Acting Deputy Secretary, Financial and Commercial
The Treasury
Tel: +64 4 890 7274 

Christian Hawkesby | Assistant Governor, Economics, Financial Markets and Banking
The Reserve Bank of New Zealand
Tel: +64 4 471 3644

MIL OSI