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90 seconds at 9am: UK prints more money; NZ investment confidence sky high

Posted in News November 6, 2009 - 08:14am, Bernard Hickey

Watch video on Youtube here.

Watch video on our video page here.

Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that the Bank of England announced an expansion of its money printing programme overnight. It will buy back 25 billion pounds worth of government bonds, bringing the total to 200 billion pounds, FT.com reported.

Meanwhile in New Zealand, investor confidence in an ASB survey has soared to a 2 year high, partly because of a stronger property market. Rental property remains the most popular type of investment, ahead of bank deposits and term deposits. Shares, investment funds and kiwisaver remain the least popular investments.

Meanwhile Goodman Property is planning a bond issue to raise NZ$150 million. The bond is BBB rated and the property company aims to reduce bank debt.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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1 Comments

by fallen earth chips | 10 Dec 09, 3:03pm

Meanwhile Goodman Property is planning

Meanwhile Goodman Property is planning a bond issue to raise NZ$150 million. The bond is BBB rated and the property company aims to reduce bank debt.