Tuesday OMO to accept Corporate and Asset Backed securities

Date 13 January 2009

The Reserve Bank today released details of a change to the daily OMOs, affecting only those held on Tuesdays and starting from 20 January 2009, where just Corporate and Asset-Backed eligible securities will be acceptable as collateral.  Details are available at http://www.rbnz.govt.nz/finmarkets/domesticmarkets/3531101.html.

For further information contact
Mike Hannah
Head of Communications
04 4713671, 021 497418, mike.hannah@rbnz.govt.nz