Low demand a factor in Reserve Bank axing Covid-19 liquidity initiatives
Low demand a factor in Reserve Bank axing Covid-19 liquidity initiatives © Getty In total, close to $1.3 billion dollars of funds were accessed via the Term Auction Facility, the largest sums in the early days of the facility's operation. The Reserve Bank has pulled some of the emergency liquidity measures it put in place at the height of the Covid-19 pandemic in New Zealand. In March last year, the central bank introduced a Term Auction Facility, which allowed banks to borrow funds for up to 12 months using a broad range of collateral. It also later added a weekly Corporate Open Market Op...
Source: msn.com