settlement cash

Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year

Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year

Assistant Governor Karen Silk says RBNZ to review how it manages settlement cash in the banking system during a crisis

Assistant Governor Karen Silk says RBNZ to review how it manages settlement cash in the banking system during a crisis

Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?

Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?

The combination of very fast rising balances (now $48.5 bln) and a fast rising OCR (now 4.75%) has turbocharged the interest payments by the RBNZ to its depositors

The combination of very fast rising balances (now $48.5 bln) and a fast rising OCR (now 4.75%) has turbocharged the interest payments by the RBNZ to its depositors

QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to

QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to