NZ central bank agrees US$15b swap facility with Fed

"While there is no need to use the facility right now, it is useful to have this capacity if markets become dysfunctional," Deputy Governor Grant Spencer said in a statement emailed to BusinessWire.

The temporary reciprocal currency is aimed at addressing "ongoing elevated pressures in US dollar short-term funding markets," the central bank said. The facility has been authorized through until April 30 next year.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TRA - Turners has record uptake of employee share program
RTO - Board change
Devon Funds Morning Note - 14 September 2026
TEM - Transaction in Own Shares
SCL - Scales increases ownership of Esro Petfood
September 14th Morning Report
BPG - Amended FY26 Annual Report and Presentation
WIN - Winton - Chris Meehan resigns as Directo
TEM - Transaction in Own Shares
WCO - Share Purchase Plan