The Reserve Bank of New Zealand – Te Pūtea Matua announces today that in response to demand at recent Open Market Operations, and feedback received in the Liquidity Management Consultation, that it intends to commence weekly Open Market Operations on Thursdays, beginning 4 December 2025 until 18 December 2025 and resuming on 8 January 2026.
The Reserve Bank continues to process feedback received through the Liquidity Management Consultation on how its Open Market Operations should be conducted and will provide a further update in Q1 2026 about changes to the format of its Open Market Operations in future.
In the interim, the Reserve Bank will continue to determine the size and tenors of each operation under the status quo parameters as per the current Operating Rules and Guidelines. Note that the Reserve Bank expects to offer a tenor on 18 December that will mature in January. The Reserve Bank retains the option to add additional Open Market Operations or alter the planned weekly frequency should it determine necessary in response to market conditions.
Full details of our domestic facilities are available on the Domestic Markets page and in the Operating Rules and Guidelines.
More information
- Domestic Markets
- Operating Rules and Guidelines for the Domestic Markets
- Liquidity Management Consultation (PDF, 831KB)
For further information contact:
Adam Richardson
Director of Financial Markets
Email: [email protected]
Ross Hunt
Manager, Portfolio Management
Email: [email protected]
Media contact:
Brendan Manning
Senior Engagement Advisor
Email: [email protected]