New Zealand central bank gives more liquidity to companies

A new weekly Open Market Operation (OMO) will provide liquidity in exchange for eligible corporate and asset-backed securities, RBNZ said in a statement on Monday

WELLINGTON: The Reserve Bank of New Zealand (RBNZ) said on Monday that it was deploying more tools to provide additional liquidity to the corporate sector and support market functioning to offset the impact of the coronavirus.

A new weekly Open Market Operation (OMO) will provide liquidity in exchange for eligible corporate and asset-backed securities, RBNZ said in a statement.