Regulatory Alerts2022-06-08
Terms of Sales of New Zealand Government Securities
The Reserve Bank of New Zealand and New Zealand Debt Management established a framework for the gradual reduction of the Reserve Bank's bond holdings under the Large Scale Asset Purchase programme. The agreement mandates monthly sales of New Zealand Government Bonds to NZDM starting in July 2022 at an annual volume of NZ$5 billion, with specific pricing and settlement procedures defined. The Reserve Bank retains the authority to alter or halt these sales based on monetary policy needs or market conditions while ensuring ongoing collaboration for efficient market functioning.
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