The Reserve Bank of New Zealand (RBNZ) has said in a statement on Thursday, that will start selling government bonds purchased during its quantitative easing (QE) program gradually over the next five yearsas reported by Bloomberg.
Key comments
“The Reserve Bank will sell bonds to the Treasury Department’s debt management office at a rate of NZ$5 billion ($3.2 billion) per year in order of expiration date, starting with the longest expiration.
“Sales will continue on a “gradual and predictable” basis until holdings are reduced to zerowhich is expected to occur in mid-2027. The shorter-maturity bonds will mature without reinvestment or sales.”
“The Reserve Bank and the NZDM will continue to work closely together to ensure the efficient functioning of the New Zealand government bond market.”
Source: Fx Street
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