This Market Operations Statement confirms the pricing of the Reserve Bank’s standing facilities and ESAS accounts, and the Large Scale Asset Purchase (LSAP) Programme.
Pricing is as follows:
On 24 June, the Monetary Policy Committee maintained the LSAP programme size at $60 billion. The LSAP programme includes NZ Government Bonds, Local Government Funding Agency Bonds and NZ Government Inflation-Indexed Bonds. The programme size includes all bonds purchased to date under the LSAP programme.
Within this programme size, the Reserve Bank reserves the right to alter the composition and pace of purchases at its discretion, to achieve the objectives of keeping interest rates low and to support market functioning.
Read the June Monetary Policy Review news release - Monetary Policy easing to continue
Vanessa Rayner
Head of Financial Markets
[email protected]
Dean Hill
Manager, Financial Markets
[email protected]
Patrick O’Meara
Senior Adviser External Stakeholders
Email: Patrick.O’[email protected]