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Reserve Bank of New Zealand Assistant, Governor Hawkesby, said in an interview:

Key notes

  • Urges banks to step up in corporate bond market.
  • Buying LGFA should help corporate bond market.
  • Considering other assets for QE, linkers on the list.
  • There’s a limit to how much of bond mkt RBNZ can buy. 
  • RBNZ didn’t know exact size of Q4 govt bond issuance.
  • Says RBNZ ‘very open’ to changing size of QE program.