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Reserve Bank Taking Further NZ Liquidity Measures

December 12, 2008 New Zealand Finance  No comments

The Reserve Bank of New Zealand expanded the range of securities that it will except for use in its Liquidity Operations.

With an emphasis on protecting the New Zealand financial system from unforeseen future financial fluctuations or negative situations, the Reserve Bank of New Zealand (RBNZ) has taken measures to ensure a high level of liquidity is available. The new policy is also a response to the more prudent, less liquid attitude of banks in today’s environment.

The RBNZ policy change revolves around the type of collateral that banks may offer the RBNZ...

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