Operating rules and guidelines
Read our operating rules and guidelines for all domestic market operations.
Operating rules and guidelines
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Our domestic markets team has responsibility for implementing monetary policy and the management of liquidity in the banking system. These tasks are achieved through forecasting both the Crown’s and Reserve Bank’s liquidity flows and conducting various operations in financial markets to ensure that actual overnight rates trade at or close to the Official Cash Rate (OCR). The team also provide standby facilities for cash and government bonds to registered market participants.
We undertake a number of operations to manage liquidity within the market including:
The size of these operations is based on estimates, and the market response to some operations may be unexpected.
Read our operating rules and guidelines for all domestic market operations.
Operating rules and guidelinesThis section details the securities that we accept as collateral in our domestic market operations and standing facilities, and the application criteria and process.
Repo eligibilityFind out about our Large Scale Asset Purchase Programme under which we buy New Zealand government bonds and Local Government Funding Agency debt in the secondary market.
LSAP programme