Following consultation on the liquidity management framework, the Reserve Bank previously announced changes to its OMO. From today, we will offer weekly OMO with the following parameters:
- full allotment reverse repo operations to inject NZD liquidity
- pricing will be at floating rate OCR + 10bps
- operations will occur each Thursday from 11.30am till 11.45am NZT
- standard terms of 7- and 28-days
- the overnight deposit rate (ODR) will remain at the OCR, and
- eligible collateral for OMO will be narrowed to New Zealand Government securities, RB Bills, Local Government Funding Agency securities, and approved Kauri securities.
In addition to weekly OMO, ad hoc operations may be offered at the Reserve Bank’s discretion.
More information
- Facilities at a glance
- Operating rules and guidelines for domestic markets
- Liquidity Management Review – Summary of Submissions and Key Decisions (PDF, 604KB)
- Speech – The RBNZ’s liquidity management framework – some updates following consultation (PDF, 459KB)
/Public Release. View in full here.
