Covid-19 pay dirt for banks
The Reserve Bank’s money printing programme has generated a bonanza for bond traders.
Maria Slade
Mon, 08 Jun 2020
New Zealand and overseas banks have earned millions of dollars in extra profits out of the Reserve Bank’s efforts to shore up the financial system against Covid-19.
The bonus payday for bankers is an unintended consequence of the central bank’s unprecedented $60 billion quantitative easing
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Maria Slade
Mon, 08 Jun 2020
Contact the Writer: maria@nbr.co.nz
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Covid-19 pay dirt for banks
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