Repos key to post‑Covid balance sheet reduction – RBNZ
Assistant governor says further repo growth will support monetary policy, liquidity, capital markets
The effects of the Covid-19 pandemic on the New Zealand central bank’s balance sheet have largely passed because of the growth of the repurchase agreement market, its assistant governor said today (September 9).
Karen Silk said during a speech that repo markets were increasingly providing the liquidity needed for banking systems worldwide as central banks unwound quantitative easing (QE). She said that although New Zealand’s repo market was smaller than that of other countries, it had still
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