The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data volumes are shown in millions of New Zealand dollars.

:

The following data is recorded in the table and is detailed further in the series description:

(a) Cash at beginning of month

(b) Government cash influence

(c) Currency in circulation

(d) Other (RBNZ transactions)

(e) Bonds issued

(f) Bond maturities

(g) Regular Treasury bills issued

(h) Regular Treasury bill maturities

(i) Other (Government debt transactions)

(j) Foreign exchange

(k) Cash after public sector transactions during month (totals a, b, c, d, e, f, g, h, i and j)

(l) Net repos

(m) Net FX swaps

(n) Net seasonal Treasury bills

(o) Net overnight repo facility

(p) Net auto-repo rollover

(q) Net total liquidity management operations during month (totals l, m, n, o and p)

(r) Cash as at end of month (totals k and q)

(s) Average settlement cash

(t) Repos (nominal)

(u) FX swaps

(v) Seasonal Treasury bills

(w) Overnight repo facility

(x) Auto-repo rollover

(y) Total (totals t to x)

Periodicity

The information is captured daily and released monthly.

Timeliness

Our website is updated on the fifth working day of the month after the end of the relevant month.

Advance release calendar

The “Advance Release Calendar” is updated and released each Friday on the website. This is a long-term plan of scheduled releases.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

Although there is no law that requires the RBNZ to compile and publish data on the tenders, the data are disseminated by the RBNZ as a service to the public.

Provision of information about revisions and advance notice of major changes in methodology

Due to the RBNZ’s introduction of the Official Cash Rate scheme on 17 March 1999, the above table has been redesigned.

Previously the table was called “Influences on Primary Liquidity” and contained the influences on Settlement Cash and Discountable Securities. With the abolition of Discountable Securities the table has been renamed “Influences on Settlement Cash” and contains expanded detail on both the Government’s and RBNZ’s transactions with the banking system. The table also contains a list of the outstanding securities, as at the end of the month, that result from the Bank’s liquidity management operations.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

The actual receipts and expenditure for the Government and RBNZ

Dissemination of component detail that support statistical cross-checks and provide assurance of reasonableness

Not applicable.