RBNZ winds back pandemic liquidity support

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The Reserve Bank of New Zealand has begun to wind back some of its temporary pandemic liquidity support, according to a statement issued today (March 10).

Banks will no longer be able to access the Term Auction Facility (TAF) or the Corporate Open Market Operation (COMO) after March 16, the date of the final tender.

“Financial market conditions have improved significantly since March 2020 when these facilities were introduced and the usage of these special facilities has been very low in the

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