Today, I want to focus on one particular subject. Over the last few weeks, there has been heightened public concern about New Zealand’s balance-of-payments deficit, triggered at least in part by media reports of comments made by the International Monetary Fund in the context of their recent review of the New Zealand economy.
This will assist the SARB in calculating much more accurate liquidity estimates and thereby also allow for the more efficient management of liquidity: There should be less cost and inconvenience to both you and the SARB. The exact details of this arrangement are currently being worked out and will be communicated shortly.