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Reserve Bank Financial Markets Statement — 6 October 2022

This Financial Markets Statement confirms the pricing of the Reserve Bank’s standing facilities and ESAS accounts.

Pricing effective from 6 October 2022

ESAS balances

Cash that ESAS account holders have on deposit at the Reserve Bank in their ESAS accounts will be remunerated at the Official Cash Rate (OCR), currently 3.5%.

Bond Lending Facility

Bonds lent through the Bond Lending Facility will be lent at the OCR less 25 basis points.

Overnight Reverse Repo Facility

Cash will be lent through the Overnight Reverse Repo Facility at the Overnight Reverse Repo Rate which is OCR plus 25 basis points.

Standing Repurchase Facility

Cash deposited through the Standing Repurchase Facility will be remunerated at the OCR less 15 basis points.

You can find full details of our liquidity facilities including applicable haircuts for eligible securities, eligibility criteria and operational guidelines on our Domestic Markets page.

More information

Contacts for further information 

Vanessa Rayner
Director of Financial Markets
[email protected]
Dean Hill
Senior Manager, Financial Markets
[email protected]

Media contact

James Weir
Senior Adviser, External Stakeholders
[email protected]