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RBNZ's TAF issuance slows down heading into Christmas
Reserve Bank lending through its Term Auction Facility (TAF), which is designed to help the banks bridge the disrupted period on wholesale short term debt markets, has slowed in the first two weeks of December after a fast start in November.
Issuance in December fell to NZ$900 million in the first two weeks, while issuance in the first three weeks of the facility in November totalled NZ$3.45 billion.
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