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Reserve Bank Financial Markets Statement - 14 April 2022

This Financial Markets Statement confirms the pricing of our standing facilities and ESAS accounts.

Pricing is as follows (effective 14 April 2022):

  • ESAS balances – cash that ESAS account holders have on deposit with us in their ESAS accounts will be remunerated at the Official Cash Rate (OCR), currently 1.50%.
  • 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.

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

Domestic Markets

April Monetary Policy Review

For further information, contact:

Vanessa Rayner
Director of Financial Markets
[email protected]

Dean Hill
Senior Manager, Financial Markets
[email protected]

Media contact:

James Weir
Senior Adviser External Stakeholders
DDI: +64 4 471 3962 | MOB: 021 103 1622
[email protected]