The Treasury begins to pay the losses incurred by the Reserve Bank

The cost of the large-scale asset purchase program will rise as interest rates rise.

Reserve Bank Governor Adrian Orr.

Treasury Secretary Dr Caralee McLiesh has been authorized to spend $150 million to $200 million a month to pay for losses the Reserve Bank is incurring on its large-scale asset purchase program.

These payments will likely increase as New Zealand Debt Management begins to buy back government bonds

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