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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

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November FSR 2011

RBNZ's Bollard talks on CFR, OBR, Europe

RBNZ Governor Alan Bollard says CFR hike delayed to help banks avoid higher funding costs and spillover into NZ lending; explains Open Bank Resoution

14th Nov 11, 4:02pm

by Bernard Hickey

RBNZ Governor Alan Bollard says CFR hike delayed to help banks avoid higher funding costs and spillover into NZ lending; explains Open Bank Resoution

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