The Reserve Bank has made a change to the pricing of its standing facilities, following a review.
Standing facilities and related pricing are reviewed periodically to ensure they meet the Bank’s objective of ensuring a stable and efficient financial system. These facilities support market functioning, and any changes have no implications for the stance of monetary policy.
As a result of the latest review, the following change will be made to pricing effective 8 August 2019:
Bond Lending Facility – bonds lent through the Bond Lending Facility will be lent at the Official Cash Rate (OCR) less 100 basis points. This has been reduced from OCR less 150 basis points.
All other facilities remain unchanged.
Full details of the Bank's liquidity facilities including applicable haircuts for eligible securities, eligibility criteria and operational guidelines are available on the Domestic Markets' page.
For further information contact:
Vanessa Rayner
Head of Financial Markets
[email protected]
Te Okeroa
Manager, Market Operations
[email protected]
Media contact:
Brendan Manning
External Communications Adviser
DDI: +64 9 366 2643 | MOB: 021 923 217
Email: [email protected]