⟳ Репост от miravox
[🤓post] This is the pile of financial assets that RBNZ is holding for the purpose of 'liquidity management'. See the big red hump? That's Govt bonds that RBNZ bought during Cvid (aka QE). RBNZ's been selling them off for a few years. 'Green' is the low interest cash sprayed at banks (FLP) [🧵 1/n]