RBNZ tripled its balance sheet to $85b through covid

Wed, 02 Jun 2021

The Reserve Bank's balance sheet has almost tripled in size to $85 billion during its efforts to combat the impact of the corvid-19 pandemic, the central bank's head of financial markets, Vanessa Rayner, said in a speech to a capital markets forum in Wellington.Rayner said a number of the RBNZ's liquidity facilities were removed earlier this year."The removal of these temporary liquidity facilities should be taken as a sign of the collective success of the actions taken by global central banks as well as the resilience of comme...

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