RBNZ eyed for hints of negative rates, massive money printing

Fri, 08 May 2020

There will be two main questions on people’s minds at next Wednesday’s monetary policy review: will the Reserve Bank signal the official cash rate could go negative and how much money is it planning to print? In March, the central bank slashed the cash rate to 0.25 percent and said it would keep it there for at least a year. Despite that guidance, the market now expects the official cash rate to be 0.05 percent by November, or virtually zero. No one is expecting a rate change on Wednesday but its forecasts and commentary will be closely...

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