More negative swap rates and bond yields to come

More negative swap rates and bond yields to come
Rebecca Howard
The New Zealand 2023 government bond yield and shorter-end swap rates dipped into negative territory for the first time yesterday but it isn’t over yet. While interest rates get pushed around by global forces, the main driver is a growing tide of certainty that NZ's Reserve Bank will cut the official cash rate into negative territory next year. The move comes as “more traders get convinced that the RBNZ is determined to take the official cash rate negative,” said BNZ senior strategist Jason Wong. The central bank has repeatedly said ne...

More Economy

Recent data gives RBNZ more confidence
Economy

Recent data gives RBNZ more confidence

Recent data has given the central bank more confidence. 

Rebecca Howard 28 Feb 2024
RBNZ keeps OCR on hold, but less hawkish
Economy

RBNZ keeps OCR on hold, but less hawkish

The central bank kept rates on hold at 5.5%

Rebecca Howard 28 Feb 2024
ASB's Shortt: Move beyond 'investing to survive'
Finance

ASB's Shortt: Move beyond 'investing to survive'

The ASB CEO says businesses have been in 'investing to survive' mode.

Dileepa Fonseka 28 Feb 2024
Wild ride in store for the New Zealand dollar
Economy

Wild ride in store for the New Zealand dollar

A rate hike would likely give the New Zealand dollar a big lift. 

Rebecca Howard 27 Feb 2024