Reserve Bank Financial Markets Statement - 7 October 2021

This Financial Markets Statement confirms the pricing of the Reserve Bank’s standing facilities, ESAS accounts, and Funding for Lending Programme.

Pricing is as follows (effective 7 October 2021):

  • 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), currently 0.50 percent.
  • 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.

The Funding for Lending Programme remains unchanged.

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.

For more information read the October Monetary Policy Review.

For further information contact:

Vanessa Rayner
Head of Financial Markets
[email protected]

Dean Hill
Senior Manager, Financial Markets
[email protected]

Media Contact:
Oliver Bates
Manager, External Stakeholders
DDI: +64 4 474 8627
Email: [email protected]