The RBNZ today announced a new weekly Open Market Operation (OMO) that will provide liquidity in exchange for eligible Corporate and Asset-Backed securities.
The OMO will be held at 11:00am each Tuesday morning and will typically offer up to $500 million dollars for terms out to approximately 3 months.
It will operate in a similar manner to the RBNZ’s regular OMOs and will be used to inject cash into the banking system using eligible Corporate and Asset-Backed securities.
For full operational details, read the RBNZ Domestic Markets release
For a list of eligible securities, click here