RBNZ says extends term of lending facility from 3 now to 5 years

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of New Zealand  outlines revised operational details of the term lending facility

  • term for lending has been extended to five years from three years
  • says will continue to offer to lend funds to banks at the official cash rate
  • says new facility will be available to use from 26 August and now runs through to 1 February 2021

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