RBNZ removing some temporary covid-19 mitigation measures

Wed, 10 Mar 2021

The Reserve Bank is removing some temporary liquidity facilities put in place during the covid-19 pandemic but said the decision has no implications for monetary policy.“Financial market conditions have improved significantly since March 2020 when these facilities were introduced and the usage of these special facilities has been very low in the last six months,” said head of financial markets Vanessa Rayner.“In addition, the large-scale asset purchase, term-lending facility, and funding- for-lending programmes have resulted i...

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