BRIEF-RBNZ To Give Term Lending Facility To Banks From May 26 At Cash Rate Of 0.25%

Reserve Bank of New Zealand:

* SAYS TERM LENDING FACILITY TO BE AVAILABLE TO BANKS FROM 26 MAY

* SAYS UNDER FACILITY, RESERVE BANK TO OFFER TO LEND FUNDS TO BANKS AT OFFICIAL CASH RATE OF 0.25%, FIXED FOR 3 YRS Source text - (https://bit.ly/2YrsZCR)