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Changes To Term Lending Facility

RBNZ

In conjunction with the Government's review of the Business Finance Guarantee Scheme, the Reserve Bank today outlined the revised operational details of the Term Lending Facility (TLF).

  • Under the revised facility, the Reserve Bank will continue to offer to lend funds to banks at the Official Cash Rate, however the term has been extended to five years from three years.
  • The new facility will be available to use from 26 August and now runs through to 1 February 2021. The table below shows the TLF schedule dates.
  • Click here for release.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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