As noted in our announcement on 14 November 2019, this Market Operations Statement confirms the consolidation of two of the Reserve Bank’s standing facilities.
Effective 30 March 2020 the Bond Lending Facility and the Repo Facility will be merged into one operation and this will be known as the Bond Lending Facility.
Bonds lent through the Bond Lending Facility will be lent at the Official Cash Rate (OCR) less 50 basis points.
This window will be open daily between 3:00pm and 4:00pm.
Full details of the Bank's liquidity facilities including applicable haircuts for eligible securities, eligibility criteria, and operational guidelines are available in the Domestic Markets section of the Reserve Bank’s website.
For further information contact:
Dean Hill
Manager, Financial Markets
[email protected]
Media contact:
Brendan Manning
Senior Adviser External Stakeholders
DDI: +64 9 366 2643 | MOB: 021 923 217
Email: [email protected]