Reserve Bank Market Operations Statement - February 2020

 Date: 13 February 2020

This Market Operations Statement confirms the pricing of the Reserve Bank’s standing facilities and ESAS accounts. No changes to pricing have been made.

Pricing is as follows:

Bond Lending Facility – bonds lent through the Bond Lending Facility will be lent at the OCR less 75 basis points.

Repo Facility – a maximum rate will be set for bonds lent through the Repo Facility at the OCR less 75 basis points.

ESAS balances above credit tiers – cash that ESAS account holders have on deposit at the Reserve Bank in their ESAS account that is in excess of their allocated credit tier will be remunerated at OCR less 75 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 50 basis points.

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

For further information contact:
Vanessa Rayner
Head of Financial Markets
[email protected]

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]