Reserve Bank of New Zealand Assistant Governor Hawkesby in an interview:
- 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
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ps. Its not news that the RBNZ is open to increasing the size of QE, they even announced it yesterday!
more to come