Overnight cash balloons as part of RBNZ's covid-19 measures

Thu, 05 Nov 2020

One of the consequences of the Reserve Bank's efforts to flood the economy with cash to force down the cost of borrowing is the amount of overnight, or settlement, cash has more than doubled.This is the facility the central bank operates to square up all the daily transactions, estimated at about $35 billion a day, between banks, their customers, and to and from the government – such as tax paid and payments like welfare benefits and teachers' salaries. It also ensures there's enough cash sloshing about – known as liquid...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am