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Limited Impact Of FFL Roll Off


Governor Orr notes that the end of the funding for lending scheme is taken into account when setting interest rates, although suggests that the impact of the move is “small beer.” RBNZ’s Silk then talks through the mechanics of the roll off of the programme, which adds circa 5bp to the OCR profile.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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