- Analytics
- News and Tools
- Market News
- RBNZ: Funding for Lending Programme to stay until December, as planned
RBNZ: Funding for Lending Programme to stay until December, as planned
“The Funding for Lending Programme (FLP) is working largely as planned and it'll be staying in place until its scheduled end in December,” the Reserve Bank of New Zealand (RBNZ) responded when Interest.co.nz asked a series of questions about the FLP.
The FLP was launched by the RBNZ in December 2020 to provide additional monetary stimulus to the economy.
Additional takeaways
"The FLP is scheduled to end in December 2022. The commitment to the FLP is important to ensure this tool remains credible for future use if required.”
"The drawdown window for the initial allocation of the FLP closed in June 2022. This allocation was roughly two-thirds utilized and any unutilized portion is no longer available. The additional allocation remains open until December 2022."
“The FLP has worked broadly as intended and as expected. We can best observe this by considering the spread between household/business lending rates and wholesale interest rates, i.e. swap rates.”
more to come ....
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
