23 Mar 2020

Reserve Bank buys back bonds

From Midday Report, 12:16 pm on 23 March 2020

The Reserve Bank has announced it will buy back up to 30-billion dollars worth of government bonds to further boost the economy.

The move, known as quantitative easing, is aimed at giving more funds and liquidity to the economy and financial markets, and bringing down interest rates..

RNZ's Business Editor, Gyles Beckford spoke to Māni Dunlop.