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Looking at the details of the LSAP, the RBNZ...>

RBNZ
RBNZ: Looking at the details of the LSAP, the RBNZ received a total of NZ$591mn
of offers for the bonds it looked to buy in today's ops, well over the
cumulative NZ$290mn it looked to purchase. BUT there was slight underbidding
(NZ$146mn of the NZ$150mn sought) in the April '25 line, which meant that the
RBNZ did not purchase the maximum amount of bonds it sought today.
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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