The effect of these relative price changes - where the prices of imports, import substitutes, and exportable goods and services go up relative to the prices of things which can only be traded within the New Zealand economy - will be to increase the income of those of us producing goods and services which are exportable, or which compete with imports, relative to the rest of us.
Some could argue that the above amount is a mere pittance compared with the total Eurosystem’s purchased amount of € billion under the APP programme, with Greece’s participation being around € billion (PSPP = € billion, CBPP3 = € billion).