Alternative Monetary Policy Decisions
Decisions involving Alternative Monetary Policy in New Zealand.
Expanded Large Scale Asset Purchases - 12 August
12 August 2020
The Monetary Policy Committee has agreed to significantly expand the LSAP programme potential to $100bn, up from the previous $60bn limit.
The Reserve Bank’s Large Scale Asset Purchases (LSAP) programme will buy up to $100bn of NZ Government Bonds, Local Government Funding Agency (LGFA) Bonds and NZ Government Inflation-Indexed Bonds in the secondary market by June 2022.
Expanded Large Scale Asset Purchases - 13 May
13 May 2020
The Monetary Policy Committee has agreed to significantly expand the Large Scale Asset Purchase (LSAP) programme potential to $60 billion, up from the previous $33 billion limit. The LSAP programme includes NZ Government Bonds, Local Government Funding Agency Bonds and, now, NZ Government Inflation-Indexed Bonds.
Expanded Large Scale Asset Purchases - 7 April
7 April 2020
The Reserve Bank has added $3 billion of Local Government Funding Agency (LGFA) debt to its Large Scale Asset Purchase programme (LSAP). This represents approximately 30 percent of the total LGFA debt on issue, and takes the total size of the LSAP to $33 billion over 12 months.
Letter of Indemnity from Minister of Finance (PDF 706KB)