Alternative Monetary Policy Decisions

Decisions involving Alternative Monetary Policy in New Zealand.

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.

More information:


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.

More information: