Reserve Bank Financial Markets Statement 15 July 2021
This Financial Markets Statement confirms the pricing of the Reserve Bank’s standing facilities and ESAS accounts, and the details of the Large Scale Asset Purchase (LSAP) Programme and Funding for Lending Programme.
Pricing is as follows:
- 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).
- 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 the Bank's liquidity facilities including applicable haircuts for eligible securities, eligibility criteria and operational guidelines are available on the Bank's website.
The Reserve Bank will halt additional asset purchases under the Large Scale Asset Purchase (LSAP) programme by 23 July 2021. The Funding for Lending Programme remains unchanged. For more information read the July Monetary Policy Review.
For further information contact:
Head of Financial Markets
Senior Manager, Financial Markets