Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Reserve Bank Financial Markets Statement — February 2024

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

Pricing is as follows (effective 29 February 2024): 

  • 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 5.5 percent.
  • 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 via 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 10 basis points.

Full details of our liquidity facilities including applicable haircuts for eligible securities, eligibility criteria and operational guidelines are available on the Domestic Markets page. 

More information

Domestic markets

February 2024 Monetary Policy Statement (PDF, 7 MB)

For further information contact:

Andrew Turner
Acting Director of Financial Markets
[email protected] 

Dean Hill

Senior Manager, Financial Markets
[email protected] 

Media contact:

James Weir
Senior Adviser External Stakeholders
Mobile: 021 103 1622
[email protected]