NEW ZEALAND CANCELS WEEKLY T-BILL TENDER
The Reserve Bank said it cancelled
the regular weekly treasury bill tender scheduled for March 3.
    It said in a statement it forecasts a net cash withdrawal
from the system over the settlement week. Cash flows to the
government are expected to more than offset cash injections, it
added.
    The bank said it expects to conduct open market operations
during the week and after these, cash balances should fluctuate
around 30 mln N.Z. Dlrs.
 REUTER
