Details of RBNZ liquidity measures
The Reserve Bank of Zealand has published further details of the new liquidity measures announced on 7 May.
The central bank said its liquidity arrangements will be reviewed again in a year's time. The new facilities will take effect from 3 June 2008, except in the case of Residential Mortgage-Backed Securities which will be acceptable from 31 July 2008.
The central bank expects to be able to announce the final criteria for Residential Mortgage-Backed Securities within two weeks.
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